OVERVIEW

In this live 3-hour webinar, we will cover the key corporate tax, form and program changes being implemented in Corporate Taxprep 2023 V1.0 as well as discuss proposed tax changes that may impact your corporate tax planning and future T2 filings.

DETAILS

During the webinar we will review various tax and form changes implemented in Corporate Taxprep 2022 v.2.2 (released February 2023) and in Corporate Taxprep 2023 v.1.0, which is scheduled for release May 23, 2023. This will include a discussion of the new electronic filing option for Form T2054 Election for a Capital Dividend Under Subsection 83(2) as well as Schedule 89, Request for Capital Dividend Account Balance Verification. 

We will also review other recent status of tabled and proposed tax legislation, provide an update on previously announced tax measures, and highlight the most significant items from the recent Federal and Provincial budgets. In addition, we will provide an update on the filing requirements for corporations under the new Underused Housing Tax.

All attendees will receive a link to [VM1] a PDF of the slides[VM2]   in advance of the session.  The material will also be available for download during the session.  This session is intended for current users of Corporate Taxprep software.

TOPICS:

• Tax and Form changes (Federal and Provincial), including:
• • New electronic filing option for the T2054 and Schedule 89
  • Changes to Schedule 200 for the Business Limit Reduction
  • Update to Schedule 27 for Qualified zero-emission technology manufacturing (ZETM)
  • New Schedule 67, Canada Recovery Dividend
  • New Schedule 68, Additional Tax on Banks and Life Insurers
  • Improvements to the Schedule 8 Workchart for class 10.1 passenger vehicles 
• Current Status of Tabled and Proposed Legislation
• Update on the progress of previously announced tax measures
• Highlights from the most recent Federal and Provincial Budgets including recently released draft legislation
• Latest news on the Underused Housing Tax
• Beneficial ownership disclosure

Questions and Comments will be addressed throughout the session via a Q&A text panel

LEARNING OBJECTIVES:

• Understand recent changes to federal and provincial taxes and forms 
• Understand the latest changes to tax legislation including draft legislative proposals
• Learn about upcoming issues that may affect corporate clients and their filing requirements

MINIMUM REQUIREMENTS:

You will require an Internet connection and a phone/voice connection at the same time. Most attendees use their computer for the audio. Participants are able to submit questions and comments during the session via a Q&A text panel. Terms, conditions, pricing and services subject to change.

TARGET AUDIENCE:

This webinar will be of most interest to tax practitioners using Corporate Taxprep software.  

PROFESSIONAL DEVELOPMENT CREDITS (CPE HOURS):

Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation. 

Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for 30 Days following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.

CANCELLATION POLICY:

Due to the costs involved with planning Web sessions, cancellations must be confirmed in writing at least one (1) business day before the beginning of the Web session. If we receive your cancellation notice within the above-mentioned period, you will receive a full refund. No refund will be issued for notices received after the cancellation period.

THIS WEBINAR INCLUDES:

• 30-days to review the webinar recording
• Print version of the presentation slides
• PD Certificate for 2 hours

 
PRESENTER:

This webinar is being presented by:

Sue Deakin, CPA, CA, MAcc & Maureen Vance, B. Com., CA, CPA

Sue Deakin is a Professor of Accounting, specializing in tax, in the Lawrence Kinlin School of Business at Fanshawe College in London, Ontario. She also teaches Corporate and Personal Taxation for Nipissing University. Sue earned her undergraduate degree and MAcc from the University of Waterloo and her CPA designation thereafter. She completed her co-op education with Arthur Andersen & Co in Toronto and continued to work at AA& Co. in Taxation upon graduation. She then worked for 15 years as VP Finance in a property management company before pursuing a teaching career. Sue has been assisting with the Wolters Kluwer webinars and seminars since the Fall of 2019.

Maureen Vance obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now part of Wolters Kluwer) in 1985. She completed the CICA In-depth tax course in 1991, and since 2002, she has been a consultant to Wolters Kluwer on tax and compliance issues. Maureen researches and writes material on tax planning and compliance and presents seminars and webinars on various tax and software topics to accounting firms across Canada. She is a member of the CRA-CPA Canada Technology Working Group, a contributor to the CPA Canada Tax Risk Management Guide, a contributing author for the Wolters Kluwer publications Preparing Your Corporate Tax Returns and Preparing Your Partnership Returns and a frequent contributor to various other Wolters Kluwer Canada publications, including Tax Topics. 

ASSOCIATE PRESENTERS

Assisting Sue and Maureen during the session will be Jenny Lee, CPA, CA, and Senior Training Consultant Gerry Barker.