The Small Business Deduction Webinar

Join Erin Swint of Squire & Company for an insightful and thorough overview of the revisions to the small business deduction.

This webinar originally aired in October 2018, but due to popular demand, we are replaying the original airing, and the presenter will join at the end to share her recent experiences with implementing the changes discussed, and to answer any questions.

Recent tinkering with legislation related to the qualification for the small business deduction, as well as the application of it, has left some of us scratching our heads. Things have gotten a bit more complicated!

Join Erin Swint of Squire & Company for an insightful and thorough overview of the revisions to the small business deduction. In 2016 the government implemented changes intended to curb multiple access to the SBD it deemed unacceptable. The 2018 budget introduced additional changes meant to reduce its application where passive income is earned, as well as some other changes.
More specifically, topics covered will include:

  • Small Business Deduction
  •     what is it?
  •     what is it good for?
  • The rules:
  • The starting place
  •     Qualifying companies
  •     Qualifying activities
  •     Non-qualifying activities
  • The limitations
  • Starting limits
  • Specified Corporate Income
  • Specified Partnership Income
  • The grinds
  •    Taxable capital
  •     Adjusted aggregate income
  • Putting this on a corporate tax returns
  •     Schedules
  •     Agreements
  •     Practical problems and potential solutions
  • Planning
  •     Specific Anti-avoidance rules
  •    Opportunities
  • The big picture…
  •    What does integration now look like
  •   Transitional rules for RDTOH and GRIP

Target Audience

This webinar will be of most relevance to accountants, tax practitioners and lawyers practicing independently or in small to medium firms, and may also be of interest to other professionals involved in tax planning and the preparation of tax returns.

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.

This Webinar Includes:

• 30 days to review the webinar recording
• Print version of the presentation slides

This webinar is presented by Erin Swint, CPA,CA of Squire & Company.

Erin heads Squire and Company’s income tax planning practice with a focus on providing strategic results to help clients reach their goals - whether the goal is 

-        the transition of the business to the next generation,

-        a tax efficient and effective expansion, 

-        a simplified corporate structure with the aim to effectively use losses within a corporate group,

-        the purchase and sale of a business.  

She works closely with her client’s other trusted advisors to make the tax planning and structuring process as easy and painless as possible.

Moving back to the Fraser Valley, after articling at a prestigious mid-size firm in Vancouver where she was exposed to a wide range of clients from the Mom and Pop grocery stores to biotech firms and manufacturers and processors, was a strategic decision to allow her to follow her roots back to the Fraser Valley where she now provides tax advice to owner managed businesses.

To that end Erin joined what is now a national firm.  There she became a Canadian Income Tax Specialist focused on the needs of businesses, individuals and trusts by completing Parts I, II and III of the CICA In-Depth Income Tax Course.  Her work at that firm included the active involvement in numerous corporate reorganizations designed to effectively manage income tax exposure of organizations and their key individuals.

Erin is very active in her profession as the founding member of the Fraser Valley Tax Technical Group, the past President of the Fraser Valley Chartered Accountants Association, and a member of the Estate Planning Council of Abbotsford.

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