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August 23, 2019 - Central Bar Annual CPD

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Jointly presented by The Law Society of Manitoba and the Central Bar Association

Central Bar Annual CPD

August 23, 2019   │   9:00 am to 12:00 noon
Portage Ex Administration Building, Portage la Prairie

CPD REGISTRATION FORM

Register for the Central Bar Association Lunch & Golf Tournament

Tax 101 for General Practitioners

Whether you have a solicitor’s practice, a litigation practice, or you do a bit of both…
Whether you practice corporate law, family law, wills and estates, or all of these areas and others…
Tax issues will inevitably arise.
 
Experienced tax practitioner Johanna Caithness will review basic tax issues to be aware of in general practice and share insight on how the tax decisions being made today can have an impact in the future. Issues covered will include:

  • Principal residence exemption sharing and division of private corporations on separation/divorce
  • Tax on split income (“TOSI”) rules
  • Taxation of inter-corporate dividends
  • Graduated rate estates
  • Taxation of settlements and awards

Presenter:
Johanna Caithness, Fillmore Riley LLP


The Taxation of Lawyers’ Work-in-Progress
What Accountants Want You to Know 

The 2017 Federal Budget brought about significant changes to the taxation of work-in-progress (WIP) for lawyers and other professionals. The election that permitted lawyers to exclude WIP from income (billed-basis accounting) was eliminated, with a 5-year transition period ending in 2022. The 2018 year-end tax return was the first to be filed under the new rules.

Hear about the impact of these changes from accountants who regularly advise lawyers on tax issues, including the preparation of tax returns. Anita Janzen-Gemmell and Shawn E. Friesen will recap the WIP changes and share their insights on what you need to think about for your collection and billing practices.

Topics will include:

  • Overview of WIP and its taxation
  • Accounting and tax treatment for WIP
  • Various issues to consider with the new rules
  • Numerical examples

Presenters:

Anita Janzen-Gemmell, CA, BDO Portage la Prairie and Treherne
Shawn E. Friesen, CA, BDO Portage la Prairie and Pembina Valley


Registration Fee:

Lawyer - $110.00 (plus GST)
Student - $55.00 (plus GST)~ 50%  Discount
Note:
Registration fee includes materials and refreshments.

 

Eligibility For CPD Hours: This program may be reported for up to 3 hours of eligible CPD activity, including 1 hour of EPPM.

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