October 3, 2019 Full Day Webinar

Please click the above link for more information on the topic descriptions and how to register. 

3 Oct 2019, 9:00 AM

8 CPD hours


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Course Description

1. Elder Law

    Speaker: Kimberly A. Whaley, CS, TEP, LLM, of Whaley Estate Litigation Partners 

2. Risks, Rewards and Due Diligence Considerations

   Speaker: Peter Andreana, B.A. Econ., CFP, CSWP, FMA, EPC of Continuum II Inc.  

3. Recent CRA Administrative Positions and Rulings of Interest
As part of this presentation, Vitaly will present a compilation of most interesting “ruling” and case-law based developments that affect tax planning and compliance for small and midmarket businesses.

    Speaker: Vitaly Timokhov, LL.B., LL.M. (NYU, Taxation) of TaxChambers LLP

4. Fitness Over 50

    Speaker: Igor Klibanov, CEO of Fitness Solutions Plus

5. Selling a Privately Owned Company

    Speaker: Mark Groulx, MBA of AIM Group Canada Ltd.

6. Small Business Management Buyouts

Small business management buyouts are for small business owners who cannot, or do not want to sell their profitable small business.

The term “small business” refers to saleability. Small businesses with less than $2 million EBITDA are ignored by the professional business sale community, consequently there is an undervaluation bias. Small businesses trade at a 3-5x multiple, compared to larger business which trade at a 6-12x multiple. 

The HBR Guide to Buying a Small Business says the opportunity to buy at these multiples is so good that MBA gradates should consider it as a third path, an exciting alternative to big company careers, and risky start-ups.

HBR reports that most owners of enduringly profitable small businesses don’t want to sell them, but end up being forced to by disaster or disability.

A small business management buyout is the only real alternative. It allows the owner to choose the price, the terms. and the timing of the transition. In addition it is a very simple, economic transaction because there is no need to canvass for a buyer or conduct due diligence.

    Speaker: John Mill, LL.M. of MBO Coach

7. Tax Case Law Update

     Speaker: Robin MacKnight, LL.B., LL.M. of Wilson Vukelich LLP

8. Using Emerging Legal Technology to Navigate the Tax on Split Income

This session will cover:

- The latest changes to and the current state of the Tax on Split Income (TOSI)
- Important implications of the Tax on Split Income for taxpayers
- How technology can reduce uncertainty in tax positions in this area

    Speaker: Kim Condon, J.D. of Senior Legal Research Associate at Blue J Legal

9. Current Issues in Owner-Manager Taxation, CRA Audits and Litigation

     Speakers: Josh Kumar, CPA, CA, JD of Aird & Berlis LLP


Course Walkthrough

  • Kim Whaley's Presentation
  • Kim Whaley's Paper
  • Kim Whaley's Recording
  • Peter Andreana's Presentation
  • Peter Andreana's Recording
  • Vitaly Timokhov's Presentation
  • Vitaly Timokhov's Recording
  • Mark Groulx's Presentation
  • Mark Groulx's Recording
  • John Mill's Presentation
  • John Mill's Recording
  • Robin MacKnight's Presentation
  • Robin MacKnight's Recording
  • Kim Condon's Presentation
  • Kim Condon's Recording
  • Josh Kumar's Recording
  • Igor Klibanov's Recording
  • Certificate: October 3, 2019 Full Day Live Webinar
  • Feedback / comments

About the Instructor(s)

Picture of Peter Andreana
Peter Andreana

A partner at Continuum II Inc., Peter Andreana is a Certified Financial Planner (CFP) and Security Advisor who excels in walking you through all aspects of business planning, employee benefits, and personal planning solutions. Since joining the team in 2006, Peter has worked closely with a variety of business owners across Ontario, helping them to develop individualized financial strategies. Peter strives to fulfill Continuum II's mantra by providing clients with the clarity they need to build and maintain a stress-free financial plan.  

In 2011 Peter became a proud member of the Million Dollar Round Table (MDRT). An exclusive association, the MDRT consists of over 42,000 of the world's leading life insurance and financial service professionals. Professional success is just one of the pillars reflective of the MDRT's level of excellence. Members must meet stringent guidelines and adhere to strict ethical standards. MDRT advisors love helping others with their financial needs and ensuring that they are prepared in the event of a catastrophe. MDRT members come together not for accolades and personal gain, but to share how they provide peace of mind and protect the future of clients. In 2015 Peter qualified to become a Court of the Table member.

Picture of Kim Condon
Kim Condon

Kim is a Senior Legal Research Associate at Blue J Legal. She is also the chair of Blue J Legal's Ethics Board, RELAI (Responsible, Ethical, Legal AI). Prior to joining Blue J, Kim practiced law in Ontario, and later worked for Thomson Reuters Canada's Legal, Tax and Accounting division. She has a J.D. from the University of Toronto, Faculty of Law, and a Bachelor of Arts, cum laude, from Macalester College. She is the author of numerous publications on topics including U.S. and Canadian law.

Picture of Mark Groulx
Mark Groulx

Mark Groulx, B.Comm., MBA

Mark Groulx is the President and founder of AIM Group Canada Ltd. Based on an extensive background in corporate and investment banking, Mark has led numerous successful Mergers and Acquisition transactions at AIM from origination through structuring, negotiation and closing in several industries during the past 25 years. AIM sells Canadian, privately owned businesses from coast to coast to buyers domestically and internationally.

Before founding AIM in 1990, Mark spent four years in London, England, where he was an investment banker at two sister firms, Orion Royal Bank and Libra Bank, both owned by Royal Bank of Canada. In these positions he marketed corporate finance products to U.S. corporations and European banks. Prior to working in the U.K., Mark spent the first five years of his career as a corporate banker in Canada, with Bank of America and The First National Bank of Chicago. 

Mark is a graduate of the University of Toronto with a Bachelor of Commerce degree and he subsequently earned an MBA from INSEAD in Fontainebleau, France.

Picture of Igor Klibanov
Igor Klibanov

Igor Klibanov is the author of 4 books on fitness, the most recent of which is STOP EXERCISING! The Way You Are Doing it Now. He is also the CEO of one of Toronto's premier personal training companies, Fitness Solutions Plus. Together with his team of fitness professionals, he specializes in helping busy professionals improve their fitness, energy levels, and health.

In the past, Igor has been hired to run fitness seminars for IBM, RBC, the Toronto Lawyers Association, Professional Engineers of Ontario, and others. 

To learn more about Igor, please visit http://www.FitnessSolutionsPlus.ca

Picture of Josh Kumar
Josh Kumar

Picture of Robin MacKnight
Robin MacKnight

Prior to joining Wilson Vukelich LLP, Robin was the Executive Director of the Canadian Tax Foundation. Prior to that, he was a partner of a national law firm.

Robin has been a teacher for his entire career. He teaches in the graduate program at Osgoode Hall Law School, was one of the original faculty of the University of Waterloo Master of Tax program where he was the thesis supervisor and taught an emerging issues course for 10 years, and has taught at Queen's University Law School, the Harvard Law School International Tax Program, the University of Calgary law school and the bar admission courses in Ontario and Alberta. He has developed and taught courses for CRA auditors. He is a frequent writer and speaker for continuing education programs sponsored by domestic and international professional organizations, including the Canadian, Ontario, American and International Bar Associations, the Canadian Tax Foundation, STEP, the Canadian Institute of Chartered Accountants, the International Fiscal Association and the OECD.

Robin has served on several advisory committees to the CRA and industry associations. He was a director of STEP Canada for over ten years and is now a member of STEP's Worldwide Council and its Public Policy Committee. He is also a member of the Editorial Board of the Trust Quarterly Reviews, published by STEP and The Association of Corporate Trustees. In November 2015, he was awarded a Founders Award by STEP Worldwide for services to the STEP organization in Canada and abroad.

Picture of John Mill
John Mill

The presenter John Mill, LL.M., MBO Coach, formerly a tax lawyer for 25 years, has been working in the area of small business succession planning for 10 years. He is the author of Hire Your Buyer and currently works as an MBO (management buyout) Coach, and professional speaker on management buyout topics.

Picture of Vitaly Timokhov
Vitaly Timokhov

Vitaly Timokhov is a partner at TaxChambers LLP. Vitaly practises exclusively in Canadian federal income taxation, with an emphasis on corporate taxation, mergers and acquisitions, reorganizations, and cross-border taxation. Vitaly is admitted to practice law in Ontario, Alberta, and the State of New York. He has presented extensively on various issues concerning Canadian income taxation in the US and Canada at various venues, including the Canadian Tax Foundation, Federated Press, and American Bar Association.  Vitaly is a member of Executive Committee of the International Tax Committee of the American Bar Association. Vitaly also is a principal author and Canadian editor of the Tax Advisor's Guide to the Canada - U.S. Tax Treaty, a two-volume treatise on international taxation published by Carswell Thomson and now available at TaxNetPro.

Picture of Kimberly Whaley
Kimberly Whaley

KIMBERLY A. WHALEY CS, TEP, LLM, Founding Partner, WHALEY ESTATE LITIGATION PARTNERS (litigation firm in Toronto, practicing throughout Ontario and repeatedly ranked by Canadian Lawyer as one of Canada’s Top 5 & 10 Boutique Trusts & Estates Firms), practicing in the areas of Estate, Trust, Fiduciary Litigation including Power of Attorney Disputes, Fiduciary Accounting Applications, Guardianship, Applications for Dependants’ Support, and Elder Law.

Kimberly is designated as a Certified Specialist in Estates and Trusts Law by the Law Society of Ontario; and is repeatedly recognized as a leading practitioner by Chambers, Lexpert, Lawday, Best Lawyers, Martindale-Hubbell and Canadian Lawyer.

Kimberly has held various executive board positions with the Society of Trust and Estate Practitioners Worldwide (STEP) holding the designation, TEP. In 2019 Kim was presented with a book prize at the June STEP Toronto National Conference for the session she planned and presented with colleagues on capacity. In September 2019 she was presented with the award of STEP Toronto volunteer of the year. 

Kimberly is a Past Chair of the OBA Estates ad Trusts Section Executive, CBA Elder Law Section and immediate past Chair of the OBA Elder Law Section and has been on other OBA/CBA executives and committees over a number of years.

Kimberly is a frequent lecturer at various Universities and has been an Adjunct Professor at the University of Toronto, Queen’s University and Western University.

Kimberly regularly presents and chairs programs with the Law Society of Ontario, and the Canadian and Ontario Bar Associations as well as within the community, at community centers, libraries, hospitals, Toronto and Ontario Police and with various other professional, governmental and not-for-profit organizations.

Kimberly is an active leader in the community in her elder law initiatives serving as Civilian Co-chair on a Toronto Police Services Consultative Committee, as well as a reappointed member of the Ontario Securities Commission Seniors Expert Advisory Committee.

Kimberly is an invited member of The International Academy of Estate and Trust Law (TIAETL), and a Fellow of the Canadian Center for Elder Law (CCEL).

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