This course examines in detail through practical examples some key concepts in the December 13, 2017 “income sprinkling” proposals.
o Recent Developments
o New definitions of split income
o New definitions of excluded amount
o The increased importance of the capital gains exemption
o The meaning of a related business
o New "bright line exceptions" of excluded business, excluded shares and working 20 hours/ week
o Planning Tips and Traps
• The rebirth of the Pipeline
o Is it a worthwhile planning opportunity?
o Will it soon be extinct (again)?
Manu Kakkar CPA, CA, TEP, MTAX
Manu has over 20 years of experience in taxation in both domestic and international, personal and corporate taxation as well as litigation support. He runs his own independent tax practice with offices in Montreal and Toronto, serving a diverse client base which includes manufacturing, retail and distribution, construction, farming, real estate, athletes and artists, across Canada and the US. His firm acts as a counsel to over 100 professional firms in Canada and USA specializing in domestic and international reorganizations and transactions. Manu is known as one of the leading experts in Section 55 of the Act and butterfly reorganizations.