1:00 - 1:30: Registration and Networking
1:30 - 3:00: Trusts, Planning, and Other Considerations
(David P. Stevens, LLP - Partner, Energy, Financial Institutions & Services at Gowling WLG)
- Section 55 and safe income
- Planning using trusts/use of a family trust/when to use trusts
- Settlement of the trust/trustee oerview
- Association rules and the small business deduction
- Section 75(2) attribution
- Income splitting
- Update on graduated rate estates
David Stevens is partner in the business law department in the Gowling WLG Toronto office. David is a tax lawyer, focussing on corporate and international tax planning, personal and private company tax planning, trust taxation, charities and not-for-profits, and mining.
David's clients include high net worth individuals and their families, registered charities, not-for-profit organizations, and trust companies. David advises clients on business succession planning, estate planning and estate administration, family trusts, reorganizations and mergers, offshore planning, private foundations, charities compliance, and outbound and inbound international tax planning.
3:30 - 5:00 - Estate Freezes
Why should someone attend the estate planning session?
Practitioners should attend in order to be aware of estate planning techniques so they can properly inform their clients and ensure that they can properly advise them or partner up with the appropriate tax expert.
Goal of the presentation:
To explain what is an “estate freeze”, considerations as to when you should do a “freeze” and how do you implement one. Is it wealth transfer, income splitting, loss consolidation, probate planning or other reasons? In terms of implementing an estate freeze we will cover the steps necessary to execute the plan.
Case scenarios will be shown as to when and how to use the freeze and why. In addition, you will be advised of examples of when not to use Trusts. Also, how have recent tax changes impacted the estate freeze planning process.
After the presentation you will know certain estate planning techniques that you can introduce to your clients.
(Brett Starkman - Tax Partner at SLF)
- What is an estate freeze and what is its purpose
- Types of freezes
- Different methods to implement the freeze
- Tax Planning opportunities
Brett is a tax partner with SLF. With more than 20 years of experience he specializes in corporate restructuring and estate planning, international tax planning and structuring and in mergers and acquisitions. Brett is the sole Canadian member on the HLB International Tax Committee. He is quoted regularly in local newspapers, has been a speaker at numerous conferences and has appeared on radio and TV.
Brett joined SLF in 1994 after spending eight years with an international accounting firm.