P A C I F I C B U S I N E S S & L A W I N S T I T U T E

Tax and Succession Planning for the Family Business

November 1st & 2nd, 2017 • UBC Robson Square • Vancouver, BC

Live Webinar also available!

Chaired by

Chris IrelandPPI Advisory

Approved by

the Law Society of BC

for 9 hours of

professional development credits

REGISTER TODAY!

www.pbli.comChair

Chris Ireland, CA, TEP, Senior Vice-President, Planning Services, PPI Advisory, Vancouver, BC. Mr. Ireland has over 30 years of tax experience including several years as a tax partner in the Vancouver office of KPMG where he was in charge of the firm’s national estates and trusts practice

and the Vancouver office’s personal tax services group. Mr. Ireland has been the coordinator and lecturer for the CICA advanced tax course, “Advanced Tax Issues for the Owner-Managed Business”. Mr. Ireland is currently on the board of STEP Canada as well as being Deputy Chair. He is a past Chair of the Vancouver branch of STEP and a past president of the Vancouver Estate Planning Council. Mr. Ireland is a frequent lecturer and author in the area of tax planning and wealth preservation.

FacultyDavid R. Baxter, B.Comm. (Honours), LL.B., Partner, Thorsteinssons LLP, Vancouver, BC. Mr. Baxter’s practice focuses on tax planning for individuals, trusts and corporations in both domestic and international matters, including divisive reorganizations, estate planning, business structuring and sales, life

insurance matters, foreign affiliates and cross-border structures. His clients include private enterprises, owner-managers and public corporations. Mr. Baxter is a frequent lecturer on tax planning matters. He has written numerous papers and articles and is the author of business succession courses for the Institute of Chartered Accountants of BC and Ontario. Mr. Baxter has also lectured on tax matters at UBC law school.

Michael Blatchford, Partner, Norton Rose Fulbright Canada LLP, Vancouver BC. Michael is a partner with the global law firm Norton Rose Fulbright. He advises charities and not-for-profit organizations with regard to their tax-exempt status, their governance and their ongoing legal and regulatory

obligations, including compliance under the Income Tax Act. He advises on fundraising and receipting issues for charities and has assisted numerous Canadian charities to carry out their work abroad.

Steve Carreiro, CPA, KPMG LLP, Vancouver, BC. Steve is a Partner with the KPMG Enterprise Tax practice in Vancouver. He has more than 20 years of experience working exclusively with private businesses providing them one-on-one personalized service addressing the financial, tax, business and

compliance issues those private companies face. Steve advises private corporations and their shareholders on a broad range of taxation and business matters including corporate reorganizations, business and financing structures, disposition and acquisition transactions, estate and succession planning and employee/shareholder compensation.

Benita Loughlin, CPA, CA, KPMG LLP, Vancouver, BC. Ms. Loughlin is a Tax Partner at KPMG LLP and leads the Global Mobility Services tax practice in the Vancouver office. She practises in the area of tax planning and compliance for individuals, estates and trusts in a U.S. and cross-border context. She

advises individuals on tax matters related to their compensation, investments, retirement plans, estates, trusts, gifts and expatriation. Ms. Loughlin is a frequent speaker on cross-border tax planning topics and has authored and co-authored numerous articles for various publications.

Helen Low, Q.C., Partner, Fasken Martineau DuMoulin LLP, Vancouver, BC. Helen Low practises primarily in the areas of wills, estates and trusts litigation, estate administration and estate dispute resolution, with some incapacity, estate and business succession planning to avoid future disputes.

She has been counsel on various estate-related litigation proceedings, including wills variation claims, proof of will claims, trust and unjust enrichment claims and abuse of powers of attorney/trustee actions, committeeships and capacity challenges. Helen advises executors and administrators on estate and trust administration, including contentious court proceedings in relation to same. Helen currently is a regular presenter at continuing education seminars in estate law and contributes to the Estate British Columbia Probate & Estate Administration Practice Manual (Wills Variation chapter) and the Annotated Estates Practice (Trust & Settlement Variation Act and Trustee Act chapters). She served as a member of the Estate Administration Committee for the Succession Law Reform Project. Helen has been recognized in her area of practice by Martindale Hubbell, The Best Lawyers in Canada and Lexpert.

Bill S. Maclagan, Q.C., Managing Partner, Blake, Cassels & Graydon LLP, Vancouver, BC. Bill is involved in all aspects of income and commodity taxation, including goods and services tax and transfer pricing. He practises in both the taxation planning and tax litigation fields, with an emphasis on

corporate taxation, in particular transactional advice, corporate reorganizations, structuring infrastructure projects and public-private partnerships. Bill has extensive involvement in drafting and providing tax and structuring advice in respect of shareholders agreements, partnership and limited partnership agreements, joint venture arrangements, and other complex commercial arrangements. Bill is recognized as a leading lawyer by The Best Lawyers in Canada, Lexpert, International Tax Review and Who’s Who Legal Canada, and is past Chair of the Canadian Tax Foundation.

Jane Reid, Partner, Jenkins Marzban Logan LLP, Vancouver, BC. Jane Reid was called to the BC Bar in 2003 and has practised family law exclusively since 2004. She has appeared at all levels of Court in British Columbia. Jane regularly represents clients in litigation matters, in mediations, and the

collaborative process. Jane is also a certified family law mediator. Jane is the past chair of the Canadian Bar Association Family Law Subsection (Vancouver), and has been on the executive since 2008. Jane has been an author, editor, and contributor to several important BC family law publications, including: member of the Editorial Board of the BC Family Practice Manual (2013-2017); contributing author to the annual update of BC Family Law Agreements, Annotated Precedents (2010-2012);

Tax and Succession Planning for the Family Business

The family business structure is the main form of enterprise for the vast majority of businesses operating in Canada. As demographics shift, the focus on effective tax and succession planning will be paramount for owners and families alike. New and far ranging Federal tax proposals threaten to change the planning landscape. Compound this by a shifting financial landscape, and it is more essential than ever for professionals and operators in this area to remain on top of the many challenges and issues faced by family business today.

This program focuses on technical and complex issues relating to the protection and transfer of wealth in family business situations. Our expert faculty will take you through the impact of new tax rules and proposals, as well as equip you with practical and effective strategies you can directly utilize in your practice. You will learn the best planning techniques and structures that best preserve wealth and protect family interests in the face of an unstable market, impending succession, resultant taxes and other complicated family dynamics.

Key Areas to be Addressed:• The potential impact of the Department of Finance’s proposals

and what to look out for• How to best preserve wealth for the family business through

estate plans, creative trust structures and other tax planning tools in light of potential changes to the law

• The tax implications of various exit strategies, including tax considerations when selling the business outside of the family and tax-related issues for intra-family transfers

• Effective measures for addressing family disputes • Planning where cross-border considerations are involved • Post-mortem planning• Philanthropy and the family business, including planned

giving and tax-planning opportunities• How to manage risk when advising families

Who Should Attend? • Lawyers who practise in the areas of business, succession

planning or taxation • Accountants practising in areas of personal and/or corporate

taxation, estate planning or advisory services for small business • Banking and trust company executives and managers • Owners and managers of family owned businesses • Financial planners • Business consultants

and contributing author to the Annotated Family Practice (2009-2017). Jane has also been a regular guest instructor at the British Columbia Professional Legal Training Course.

David Thompson, Partner, Thorsteinssons LLP ,STEP, Vancouver, BC. David has practised exclusively in taxation matters since 1985. David was a governor of the Canadian Tax Foundation. David is noted as a leading Canadian tax lawyer based on peer-review ratings in Lexpert

and in Martindale Hubell and as a leading Canadian tax lawyer and a leading Canadian trust and estate lawyer based on peer-review ratings in The Best Lawyers in Canada.

Matthew Weaver, Associate, Blake, Cassels & Graydon LLP, Vancouver, BC. Matthew practises in both the tax planning and tax litigation fields. His practice is primarily focused on domestic and international corporate taxation matters, with an emphasis on transactional advice, mergers and

acquisitions, corporate reorganizations and debt and equity financings. Prior to and throughout law school, Matthew co-founded and managed several businesses.

REGISTER TODAY!

www.pbli.com

Tax and Succession Planning for the Family Business

3:30 Cross-Border PlanningBenita Loughlin, KPMG LLP• Cross-border estate freezes• Tax implications for US beneficiaries of Canadian trusts• Anti-deferral rules for US shareholders of Canadian corporations• Structuring trusts to plan for US beneficiaries• Filing and reporting requirements• US tax proposals

4:20 Questions and Discussion

4:30 Chair’s Closing Remarks – Program Concludes for Day One

Day Two – November 2nd, 2017

9:00 Chair’s Welcome and Introduction to Day TwoChris Ireland, PPI Advisory

9:05 Post-Mortem Planning Chris Ireland, PPI Advisory• capital loss planning• pipeline planning - gone under the 2017 proposals?• creating CDA and RDTOH - another casualty?

9:50 Questions and Discussion

10:00 Refreshment Adjournment

10:15 Managing Risk in Advising FamiliesHelen Low, Q.C., Fasken Martineau DuMoulin LLP• Issues surrounding capacity• Law Society requirements when the lawyer is

a beneficiary• Who is your client?• Conflicts of interest• The role of independent legal advice• Fixing mistakes: Is rectification off the table?

10:55 Questions and Discussion

11:05 Philanthropy and the Family BusinessMichael Blatchford, Norton Rose Fulbright Canada LLP

• Planned giving• Tax planning opportunities

11:50 Questions and Discussion

12:00 Chair’s Closing Remarks – Program Concludes

Day One – November 1st, 2017

9:00 Welcome and Introduction by PBLI

9:05 Chair’s Welcome and Introduction to Day OneChris Ireland, PPI Advisory

9:10 Change in the Works – Part I: A Look at the Department of Finance ProposalsDavid Baxter & David Thompson, Thorsteinssons LLP• Consultation on taxation of private corporations• Tax planning strategies addressed• Proposed policy measures• Possible legislative changes

10:20 Questions and Discussion

10:35 Refreshment Adjournment

10:50 Change in the Works – Part II: Structuring the Family Business Post Federal Tax ProposalsDavid Baxter & David Thompson, Thorsteinssons LLP• Ownership structures for closely-held private

enterprises• Purification reorganization and freezes• Discretionary family trusts

12:00 Questions and Discussion

12:15 Networking Lunch

1:00 Transferring the Family BusinessBill S. Maclagan, Q.C. & Matthew WeaverBlake, Cassels & Graydon LLP• Key considerations when selling the family business

outside the family• Key considerations for intra-family transfers• Tax minimization opportunities and related aspects

1:45 Questions and Discussion

1:55 Refreshment Adjournment

2:10 Dealing Effectively With Family DisputesSteve Carreiro, KPMG LLPJane Reid, Jenkins Marzban Logan LLP• Strategies for effectively addressing family disputes• Dividing corporate wealth on marriage breakdown• Protecting the family business through shareholders’

agreements

3:20 Questions and Discussion

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Please recycle

Registration FormPacific Business & Law InstituteUnit 2 - 2246 Spruce Street Vancouver, BC Canada V6H 2P3 Telephone: 604-730-2500; Fax: 604-730-5085 E-mail: registrations@pbli.com

InformationMaterials: The faculty will prepare papers and/or other materials explaining many of the points raised during this program. Materials will be available for pick-up at the program. Please contact us at registrations@pbli.com if you are unable to attend the program and wish to purchase a set of materials.

Your Privacy: We will keep all information that you provide to us in strict confidence, other than to prepare a delegate list containing your name, title, firm and city for our faculty and the program delegates. We do not share our mailing lists with any non-affiliated organization.

Cancellations: Full refunds will be given for cancellations (less a $60.00 administration fee) if notice is received in writing five full business days prior to the program (October 25th, 2017). After that time we are unable to refund registration fees. Substitutions will be permitted. We reserve the right to cancel, change or revise the date, faculty, content, venue, or the availability of webinar for this event.

Tax and Succession Planning for the Family Business

November 1st & 2nd, 2017UBC Robson Square, Vancouver, BC

In person Live webinar

Please indicate your areas of interest for future notifications (select all that apply):

Business Law Estate Planning Family Law Tax Wealth Management Other

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Course Accreditation: Attendance at this course can be listed for up to 9 hours of continuing professional development with the Law Society of BC.

Four Ways to Register: 1. Telephone us: 604-730-2500 or toll free 877-730-25552. Fax us: 604-730-5085 or toll free 866-730-50853. Mail your registration form with payment 4. Register at www.pbli.com/1370

Registration: The registration fee is $995.00 plus GST of $49.75 totalling $1,044.75 covering your attendance at the program (in person or by live webinar), written materials, a light breakfast, a networking lunch and refreshments on each day.

Early Bird Discount: Register by October 2nd, 2017 and receive a $150 discount on the registration fee ($845.00 plus GST).

Group Discount: Register four persons from the same organization at the same time and you are entitled to a complimentary fifth registration. Early Bird and Group Discount cannot be combined.

Payment: You may pay by VISA, MasterCard or cheque. Cheques should be made payable to the Pacific Business & Law Institute. Registration fees must be paid prior to the program.

When and Where: Check-in begins at 8:30 a.m. The program starts at 9:00 a.m. UBC Robson Square is located at the basement level of 800 Robson Street in Vancouver, BC. Please visit http://robsonsquare.ubc.ca/find-us/ for directions.

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Register today at www.pbli.com/1370