Taxation of Partnerships 101 – Recording Available February 17, 2021

$139.00
In stock
SKU#
WTPS21-91J9

While partnerships are not subject to tax there are tax implications associated with partnerships and their partners.  With recent amendments to the Income Tax Act we have seen the elimination of tax deferrals that were common with partnerships; and with the introduction of the specified partnership income rules the ability to access multiple small business deductions has been reduced.  Even with these changes, partnerships continue to be an attractive vehicle for carrying on business.   

Join our expert team from Mowbrey Gil LLP for a broad overview of the taxation of partnerships. 

The webinar will review the types of partnerships, computation of the adjusted cost base of units held, at-risk amounts, and common transaction considerations related to partnerships.  The presenters will also discuss issues and planning points related to the partnership agreement that should be considered. 

More specifically, topics covered will include:

  • What is a Partnership
  • Types of Partnerships
  • Computation of adjusted cost base of partnership units
  • The at-risk amount; what is it and why does it matter
  • Computation of income and allocation of income
  • Tax filing requirements
  • Common and not so common reporting issues
  • Partnerships and the small business deduction
  • Common uses of partnerships
  • Transfers to Partnerships
  • Dissolution of Partnerships
  • Merging of Partnerships
  • Partnership Agreements

 

Target Audience

This webinar will be of most interest to accountants, tax practitioners, and financial planners. 

Professional Development Credits

Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.

Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for three months following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.

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FormatRecorded Webinar