Join us for a concise yet comprehensive 2024 Tax Year in Review session presented by the team of Evan Crocker and Matt McCombe from Moodys Tax. The 2024 Tax Year in Review will provide you with an overview of the pertinent legislative & administrative changes from 2024. Evan and Matt will also provide some insight and suggestions regarding tax planning and traps.
TOPICS:
The session will discuss the following tax changes that are most likely to impact private businesses and families:
- Capital gain changes on June 25, 2024 and transitional issues.
- Expanded capital gain sheltering options: increased LCGE, the CEI deduction, and the new $10M exemption for sale to EOT/Workers Coop.
- New AMT regime starting 2024.
- Changes to post-mortem planning, including expansion of 164(6).
- Changes to trust reporting rules.
- New GAAR rules starting 2024.
- (Retroactive) changes to the relevant tax factor (RTF), and a concept of “FABI”.
- CRA’s new power for Non-Compliance with Information Requests.
- A reminder of Mandatory Disclosure Rules now in place.
- A quick drive by of the changes to CRA’s administrative policy on safe income computation from CRA’s 2023 CTF paper on Safe Income.
- Staying outside of the new EIFEL regime which commenced in October 2023.
- Other important tax changes as they come up.
LEARNING OBJECTIVES:
- Get updated with new and proposed tax changes released in 2024.
- Learn details about any recent fiscal updates.
- Hear about recent tax court cases.
Target Audience:
This webinar will be of most interest to accountants and tax practitioners practicing independently or in small to medium sized firms, and financial planners.
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.
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. 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
PRESENTERS: Matt McCombe, CPA, CA & Evan Crocker, CPA, CA
Matt McCombe, CPA, CA is a Canadian Tax Manager at Moodys Private Client. With almost 10 years of experience, Matt strives to provide expert tax advice to high net-worth families, private businesses and multi-national enterprises.
Graduating from Mount Royal University in 2013, Matt immediately starting articling for his CPA designation at a local Calgary accounting firm. In January 2017, Matt received his letters and joined the internal tax group at the same firm where his focus was on complex personal and corporate tax matters, as well as trust and estate planning. In November 2020, Matt completed CPA Canada’s In-Depth Tax Program. In September 2021, Matthew joined Moodys Private Client where he continues to grow his tax knowledge base.
Evan Crocker, CPA, CA is a Canadian Senior Tax Associate at Moodys Private Client Law. Evan has focused on tax since the beginning of his accounting career, where he started out providing compliance services for owner-managed businesses and the related personal and trust compliance. He now provides tax strategies in an M&A context, corporate reorganization, succession and estate planning, and income tax planning services. He works with every client to ensure their goals are met and the implementation is seamlessly completed. In February 2016, Evan received CPA designation and in August 2019 completed CPA Canada’s In-Depth Tax Program, which he now facilitates to assist the education of future tax practitioners.