Long Term Care Planning & Representing Taxpayers in Tax Disputes with CRA

There will be two topics covered during this webinar:

1. Long Term Care Planning: What Is It And Why Should My Clients Care?
   
    Speaker: Karen Henderson, CPCA of Long Term Care Planning Network

2. Representing Taxpayers in Tax Disputes with CRA

    Speaker: Richard Yasny, LL.M.

5 Dec 2017, 7:00 PM

2 CPD hours

$59

4 (8)

Register Now


Course Description

1. Long Term Care Planning: What Is It And Why Should My Clients Care?

Speaker: Karen Henderson, Hon. BA, CPCA

Every day 1000+ Canadians turn 65; approximately 50% of these will need some form of long term care after age 75.*

The problem is, however, that too few of us can answer the following care questions: If something were to happen to me, who would take care of me? How would I pay for that care?

The vast majority of us want to age with dignity and control. But that takes long term care planning, and this planning— which involves more than just money—needs to be a part of every financial and/or retirement plan written today.

This session will include:

  • The odds of needing long term care
  • Gaps in the long term health care system
  • Role of governments
  • Home vs. facility care
  • Undeniable threat of Alzheimer’s disease/related dementias
  • Unique risks women face

 Ample resources will also be provided. 

*Statistics Canada: Health Expectancy in Canada

2. Representing Taxpayers in Tax Disputes with CRA

Speaker: Richard Yasny, LL.M.

In 2015-2016, CRA completed 31,000 small and medium enterprise income tax audits, 68,000 GST/HST audits, and reviewed over 715,000 payroll accounts.  Nearly half of taxpayers are unrepresented in Tax Court and likely at earlier stages also. This seminar gives you an overview of the tax disputes process from audit through Tax Court and collections.

  • Audit – how to reduce the risks
  • Objection – time limits, conditions, and skipping it
  • Tax Court – how to file an appeal and present the case.  (Accountants can represent taxpayers in the Informal Procedure for disputes of nearly $250,000 of small business income or about $135,000 of personal income per tax year and almost $400,000 of GST taxable supplies.) 
  • Collection – CRA powers and how to deal with them, including garnishment, and “memo assessments” against related parties of tax debtors or directors of corporations
  • Other remedies – taxpayer relief for interest and penalties, 10-year T1 adjustments, remission orders, and bankruptcy proposals


The cost of the webinar is $59 (+tax), which you can pay by any credit card. You will earn two hours of PD credits when you register. We are pleased to offer an easy, inexpensive and enjoyable way to meet your PD requirements. 

We look forward to seeing you at our upcoming events.  Should you have any ideas for topics, speakers, or anything else, feel free to contact Melanie Russell, CPA, CA, CBV, CIM, CFE, CFF, ABV at 416-488-9590 x 225. 



Course Walkthrough

  • Richard Yasny's Presentation
  • Karen Henderson's Presentation
  • Karen Henderson - Advisors & Elder Abuse
  • Richard Yasny's Recording
  • Karen Henderson's Recording
  • December 5, 2017 GTAAN Event
  • Feedback / comments

About the Instructor(s)

Picture of Karen Henderson
Karen Henderson

Karen Henderson Hon BA, CPCA

Founder/CEO

Long Term Care Planning Network

416.526.1090

karenh@ltcplanningnetwork.com

www.ltcplanningnetwork.com 

Karen’s father died of the flu 20 years ago in a long term care home. As the result of this life changing dementia care experience, Karen founded the Long Term Care Planning Network, Canada’s leading resource centre for ageing and long term care planning and education. Her seminar series, web site and print tools are recognized as key long term care educational resources for Canadians, their families and their professional advisors.

For over 25 years Karen has been a well-known speaker, educator, publisher and consultant in the field of long term care. Over the years she has sat on many not-for-profit/government committees concerned with ageing, Alzheimer’s disease, and elder abuse. She has created courses on ageing/long term care planning for major financial services organizations and contributed chapters to other professional courses on all aspects of caregiving and long term care.

Since the inception of COVID-19 Karen has been listening to Canadians’ worries about their long term health care system and is now spending more time advocating for seniors and educating both Canadians and their advisors about the uncertain care options in an ever changing world.


Picture of Richard Yasny
Richard Yasny

Richard Yasny, LL.M., is a lawyer who began his law practice in 1992 in the tax group of a full-service law firm in Toronto and after worked in the international tax group of a multinational accounting firm.  He now represents clients exclusively in their income tax and GST/HST disputes with the Canada Revenue Agency, from audits and objections through to appeals to the Tax Court of Canada.  He has authored many articles on technical topics and tax litigation for various publications and assists in the editing of The Practitioner's Income Tax Act, The Practitioner's Goods and Services Tax Annotated, and the Canada GST Service/Taxnet Pro GST/HST commentary.


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