Calendar 2020 has been fraught with unprecedented change with COVID-19 in our day-to-day lives, and in the way we conduct business. It has also posed significant profitability challenges on so many businesses, as it is understood that we are heading into a recession. However, tax planning opportunities are still available in times of economic downturn.
More specifically, topics will include but not restricted to
- Freezes and Refreezes;
- Departing Canada
- Tax on Split Income: Excluded Share Definition
- Taxable Intergenerational Transfers
- Loss Utilization Techniques/Stop Loss Rules; and
- Debt Forgiveness.
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.