Announcing... Canada s benchmark training for HST/GST Professionals! If you re new to indirect tax or need a refresher, start with the In-Depth program: the CICA In-Depth HSt/GSt Course may 27 June 1, 2012 sheraton on the falls, niagara falls, on Seize this opportunity to experience the most complete indirect tax training program in the marketplace! The CICA has combined technical lectures with small, productive workshops; all led by some of Canada s foremost indirect tax professionals. Pages 2-7 Upon completion of the In-Depth HST/GST Course, build on your financial services knowledge by attending the following CICA Advanced HST/GST Course: Financial Services Course June 14-15, 2012 ivey ing Leadership Centre, toronto, on This advanced course examines the complex and dynamic indirect tax concepts and legislation for financial institutions, services and pensions. Pages 8-9 Two additional Advanced HST/GST Courses offered November 2012: Cross-Border transactions Course November 15-16, 2012, Toronto, ON Public Sector Bodies Course NEW November 19-20, 2012, Toronto, ON >> SEE PAGE 11 FOR MORE INFORMATION For indirect tax professionals who are serious about staying on the leading edge!
the CICA In-Depth HSt/GSt Course Who Will Benefit? The CICA In-Depth HST/GST Course is designed to provide extensive benefits to the novice HST/GST advisor in public practice, or the manager/director in industry or government. It will also provide an excellent refresher and re-energizer for experienced professionals dealing with HST/GST issues for clients, or in their organizations. The course benefits professionals in a variety of settings: CAs and other professional accountants who advise clients on HST/GST matters lawyers and other professional advisors who counsel on HST/GST matters CFOs, controllers, treasurers and other financial executives and managers who are directly responsible for (or oversee) HST/GST compliance within their organizations big or small! professionals in the CRA, Department of Finance, provincial ministries of finance and other federal and provincial government settings who have some responsibility for HST/GST matters. Program Curriculum The CICA In-Depth HST/GST Course uses a variety of media to deliver in-depth knowledge and the practical application of that knowledge to real-life situations. You will work on web-based, self-study modules, listen to technical lectures and participate in interactive, facilitated workshops with peers a proven mix of instruction guaranteed to deliver results! Faculty Team Your faculty for the CICA In-Depth HST/GST Course is a team of recognized, top-notch training professionals from both the legal and accounting professions. They have been selected because of their exceptional credentials, and their willingness to share their extensive knowledge and experience with others working and advising in the area of HST/ GST. These teams consistently generate superior results! The small workshop groups are an important and integral part of the learning experience during your time at the In-Depth HST/GST Course. You will be guided through a series of real-life case studies and numerical exercises that will bring to life the concepts taught during the classroom lectures. The workshop leaders are experienced HST/GST advisors who will offer you practical advice, proven approaches and a vast body of knowledge. 2
Course Developers and Lecturers AUDREY DIAMANt is a CA, and an indirect tax partner at PricewaterhouseCoopers LLP in Toronto. Audrey has worked in the commodity tax area for over 20 years and has consulted to both the Department of Finance Canada and the Ontario Ministry of Finance on various sales tax matters. She provides in-depth analysis and legislative interpretation to clients on HST/GST, customs and provincial sales tax issues, and also consults to a wide variety of non-resident vendors on the intricacies of carrying on business in Canada. She is a regular speaker on cross-border transactions, software, ebusiness, and telecommunications issues and has received the Normand Guérin Award for a paper on ecommerce and indirect taxes presented at the CICA Commodity Tax Symposium. This award recognizes her outstanding contribution to the advancement of commodity tax studies. Audrey is also a regular contributor to various research publications and newsletters on sales tax issues. DAVID ROBERtSON is a lawyer, and partner with Couzin Taylor LLP (the affiliated law firm of Ernst & Young), in Calgary. David practises taxation law and tax litigation with a focus on Canadian indirect taxes including HST/GST, provincial taxes including PST, transfer pricing, Canada Customs compliance and import/export laws. David has advised clients in a range of tax-planning matters in connection with cross-border sales and transactions, outsourcing, ecommerce and internet-based enterprises, carrying on business in Canada, business acquisitions, corporate transactions and reorganizations, and general tax compliance and recovery matters. He has extensive experience dealing with the Canada Revenue Agency and provincial tax authorities in connection with tax audits and appeals. He routinely represents clients in tax matters before the Tax Court of Canada, Federal Court of Canada and provincial superior courts. David has written extensively in the indirect tax area for the Ontario Bar Association, the Tax Executives Institute and has presented papers at the CICA Commodity Tax Symposium on a number of occasions. David also won the 2011 Normand Guérin Award for his technical paper on Characterization of a Supply. Workshop Leaders Catherine Kuhrt, Grant Thornton LLP, Toronto Scott McDougall, KPMG LLP, Calgary Lloyd McMaster, PricewaterhouseCoopers LLP, Ottawa Garth Steele, Welch LLP, Ottawa Christina Zurowski, Definitive Consulting Services, Oakville Learn more about the In-Depth HST/GST Course A message from Stefan Mihailovich, Principal, Indirect Taxation 3
Course outline SEGMENT A PRE-WORK Web-Based, Self-Study Modules The first three modules are web-based, self-study lessons delivered via the Internet. Upon registration, you will receive access to the In-Depth HST/GST Course site, where you can begin to work on the course at your own pace. The elearning modules include audio and PowerPoint presentations, questions and solutions, as well as valuable links to government and other sources of online information and reference materials. m o d U L e 1 : Research techniques and tools This introductory module provides you with an understanding of how to approach a research assignment research sources and hierarchy, tools, tips and traps. Two detailed case studies are also provided and analyzed. m o d U L e 2 : Hst/gst administration issues In this module, you will review the various rules contained in the Excise Tax Act relating to the collection of the HST/GST and the filing of HST/GST returns. This module will ensure you understand: the issues surrounding how and when to register filing requirements and frequency remittance responsibilities interest and penalty provisions voluntary disclosure process m o d U L e 3 : Basic Concepts imposition of tax i This module will provide you with an understanding of the basic charging provisions, definitions and the issues that derive therefrom including: supply taxable and exempt supplies commercial activity, business vs. adventure or concern in the nature of trade allocating taxes paid to commercial activities 4
SEGMENT B IN-RESIDENCE In-Residence Portion of the Course SUNDAY MORNING SESSION AFTERNOON SESSION EVENING SESSION LECTURE ONLY: Basic Concepts Imposition of Tax II TUTORIAL: Basic Concepts Imposition of Tax II MONDAY Basic Concepts Imposition of Tax III Input Tax Credits and Rebates Net Tax Calculation and Timing Rules TUESDAY Special Rules I Special Rules II & Public Sector Bodies No sessions scheduled WEDNESDAY Financial Services Purchase and Sale of Assets Real Property THURSDAY Non-Resident Issues Inbound Supplies No sessions scheduled FRIDAY Exports of Property and Services and Zero-Rated Supplies Today s Hot Topics Closing Panel m o d U L e 4 : Basic Concepts imposition of tax ii Continuation of definitions and issues derived from HST/GST charging provisions including: o recipient o person o consideration o non-resident Provisions in the Excise Tax Act that determine the value of consideration including: o value of non-monetary consideration o treatment of provincial sales taxes and other taxes o special rules for early and late payments o anti-avoidance rules for non-arm s-length transactions When a supply is made in Canada m o d U L e 5 : Basic Concepts imposition of tax iii Concepts and definitions derived from HST/ GST charging provisions including: o carrying on business o permanent establishment HST/GST place-of-supply rules that apply to: o tangible personal property o services o intangible personal property and real property Place-of-supply rules for supplies made in a participating province 5
SEGMENT B IN-RESIDENCE m o d U L e 6 : input tax Credits (itc) and Rebates Qualifications to the general rules for improvements, goods imported for commercial services, reimbursements and allowances Review of more commonly encountered ITC restrictions related to purchases for the personal use of employees and owners, club memberships and meal and entertainment expenses Special rules that govern input tax credits on capital property Complex rules governing passenger vehicles and aircraft Change-in-use rules and their tie-in to the rules governing use in a commercial activity Discussion of the recaptured ITC rules as they relate to Ontario HST/GST m o d U L e 7 : net tax Calculation and timing Rules Module 7 focuses on two core areas: timing rules that determine when the HST/ GST is payable calculation of a person s net tax including a discussion of the remittance and refund of HST/GST m o d U L e 9 : special Rules ii In Module 9, you will discuss a number of provisions that relate to the application of the HST/GST to specific transactions or registrants. Topics to be examined include: single vs. multiple supplies volume discounts, rebates, coupons, promotional allowances and other price adjustments barter transactions tax collected in error supplies made by governments supplies made by small suppliers m o d U L e 1 0 : Public sector Bodies This module provides you with an introduction to public sector bodies, including: review of the definitions associated with public sector and public service bodies (PSB) special registration rules for PSB s streamlined accounting and special quick methods for PSB s and charities exemptions PSB rebates: non-creditable tax charged and the impact of harmonization. m o d U L e 8 : special Rules i Special provisions relating to the application of the HST/GST to specific transactions such as: seizures and forfeitures taxation of employee benefits and appropriations by employees and owners ability to claim a deduction for a bad debt basic principles relating to the taxation of partnerships joint ventures and trusts effect of using an agent to make a supply. m o d U L e 1 1 : financial services This module provides you with an introduction to financial services, including: review of the definition of financial services and financial institution (FI) combined supply rule implications of being an FI in terms of input tax credits concept of selected listed financial institutions (SLFI) for HST/GST special attribution method overview of new pension rules including: o actual and deemed supplies o calculation of provincial factor o tax adjustment notes o pension rebate 6
SEGMENT B IN-RESIDENCE m o d U L e 1 2 : Purchase and sale of assets Review of the issues surrounding various restructuring options and any tips and traps based on evolving CRA policy and interpretation Examination of the general rules applicable to the purchase and sale of assets followed by the study of relieving provisions including: o provisions applicable to the sale of a business o transfers between closely related companies o amalgamations o wind-ups o sale of assets used in exempt businesses m o d U L e 1 5 : inbound supplies Taxation of property and services imported into Canada including valuation of imported goods and accounting Non-taxable importations Special import programs and relief measures Imports into harmonized provinces Imported taxable supplies under section 217 Goods that can be imported without attracting HST/GST, including conditions that must be met where the exempting provision is conditional Review of rebates available to those who are not in a position to claim input tax credits on imported goods m o d U L e 1 3 : Real Property A review of the rules regarding the sale of commercial real estate, and definitions of builder, residential property and substantial completion Concepts underlying the self-supply rules and the circumstances under which the rules apply Various forms of housing rebates Review of the provisions for exempt supplies of real property m o d U L e 1 6 : exports of Property and services and Zero-Rated supplies Rules relating to exported goods, services and intangibles Rules relating to exported tangible personal property, intangible personal property and services Summary of the schedules that zero-rate basic groceries, prescription drugs and medical devices m o d U L e 1 4 : non-resident issues Exploration of the application of HST/GST to non-residents of Canada and transactions involving non-residents Meaning of non-resident and the consequences Application of HST/GST to supplies made by a non-resident Non-resident override rule Interaction of Divisions II and III Potential double tax on importation and who should be the importer of record Brief overview of the drop-shipment rules m o d U L e 1 7 : Hot topics Gain an appreciation of some of the new and evolving CRA interpretations and hot audit topics. This module will provide you with the unique opportunity to learn from a panel of experts drawn from the course lecturers and workshop leaders. The faculty will discuss and debate topics that represent the most critical audit and compliance issues in the area today. They will also analyze evolving interpretations and highlight areas of both opportunity and risk for your business and your clients. Time will be allocated for questions and answers during this session to make sure you get the most from the module. 7
financial services Course June 14-15, 2012, ivey ing Leadership Centre, toronto, on CICA Advanced HSt/GSt Courses Who will benefit? The CICA Advanced HST/GST Courses are all designed to provide specialized or senior professionals with an efficient, focused and detailed look at the more complex areas of indirect taxation. These comprehensive, two-day courses give you access to some of the most respected indirect tax leaders in financial services, cross-border transactions, and public sector bodies, while helping you hone your tax technical skills and network with other professionals in your industry. The CICA s line of Advanced HST/GST Courses will provide extensive benefits to: CAs and other professional accountants who advise clients on HST/GST matters Lawyers and other professional advisors who counsel on HST/GST matters CFOs, controllers, treasurers and other financial executives and managers who are directly responsible for (or oversee) HST/GST compliance within their organization big or small! Professionals in CRA, Department of Finance, and other government settings who have some responsibility for HST/ GST matters. Offerings Financial Services Course June 14-15, 2012 ivey ing Leadership Centre, toronto, on Cross-Border transactions Course november 15-16, 2012 CiCa offices, toronto, on *NEW* Public Sector Bodies Course november 19-20, 2012 CiCa offices, toronto, on This advanced course examines the complex and dynamic indirect tax concepts and legislation for financial institutions, services and pensions. Registration now open. This course will cover an area that the HST/GST expert must deal with on a daily basis nonresidents and cross-border transactions. Registration available August 2012. See page 11 for more information A must-attend for anyone working in or advising non-profit organizations, charities, municipalities, hospitals or universities on HST/GST issues or compliance. Registration available August 2012. See page 11 for more information 8 to register online, visit: www.cpd.cica.ca/fsc
financial services Course June 14-15, 2012, ivey ing Leadership Centre, toronto, on Financial Services Course Program Curriculum This two-day course will build on your learning from the CICA In-Depth HST/GST Course by going into more detail in the important areas of financial services. The morning of day one will begin with foundational concepts of financial service and financial instrument for HST/GST purposes. The course will be organized through six modules to be delivered over the two days. m o d U L e 1 Module 1 will cover in more detail the complexities of the definitions of financial service and financial instrument and provide details on keyrelated topics, such as derivatives and swaps, zerorated financial services, mixed supplies including financial services (sections 138 and 139) and securitizations. Particular emphasis on paragraph (q) and arranging for (paragraph (l)) within the definition of financial service will be provided. m o d U L e 2 Module 2 will focus on the definition of financial institution and why it is important to determine whether a business is one for HST/GST purposes. The discussion will cover non-traditional financial institutions and will deal with related topics, including issues pertaining to making a section 150 election and other compliance implications for financial institutions (such as the Annual Information Return for Financial Institutions). m o d U L e 3 Module 3 will then focus on matters of great significance for financial institutions relating to HST/GST compliance, including the rules for claiming input tax credits, self-assessment requirements for imported supplies, outlays and expenses and change-in-use of capital property. m o d U L e 4 Module 4 will deal with accounting for the provincial component of HST/GST, including the special rules applicable to selected listed financial institutions ( SLFIs ) and the use of the special attribution method, excluding investment plans. Modifications to the rules as they apply to the introduction of Ontario and British Columbia as harmonized provinces effective July 1, 2010, will be addressed in detail. This module will also address the contrasting world of Quebec Sales Tax as it relates to financial services supplied in the province of Quebec. m o d U L e 5 Module 5 will cover the new SLFI rules as applied specifically to investment plans, including mutual funds and segregated funds. m o d U L e 6 Part 1 of module 6 will address the pension plan rules (deemed supplies, pension entity SLFI reporting, rebates, etc.) and input tax credits related to financial services. Part 2 of this module will focus on the implications of specific transactions for buying/selling assets and other property from a financial services perspective, including the application of special rules dealing with seizures and repossessions, settlement of insurance claims, construction bonds, holding companies/takeovers and supplies of financial services related to commercial activities This course will incorporate the latest legislative amendments, and all recent announcements from the Department of Finance. Presenters The course will achieve its learning objectives through a mix of lecture and interactive discussion led by the following presenters from Deloitte & Touche LLP: DANNY CIStERNA is a CA and partner in the Toronto office of Deloitte & Touche LLP. Danny s main practice area is with financial institutions. He is recognized as an industry leader in the area of HST/GST as it applies to financial institutions. Danny also has extensive presentation experience with the CICA s indirect tax programs. MARY EStEVES is an associate partner in the Toronto office of Deloitte & Touche LLP. Mary s specific expertise is the HST/GST and PST and she has worked in various industry sectors with a significant focus on financial institutions. to register online, visit: www.cpd.cica.ca/fsc 9
Registration Information And Conditions cica In-Depth Hst/Gst Course TUITION FEE: $3,195 (plus HST) Plus additional in-residence daily rate (see below) Register on-line at: www.cpd.cica.ca/idgst Register by phone: 416-651-5086 or toll-free 1-888-651-5086 CONFERENCE LOCATION AND ACCOMMODATION The Sheraton On The Falls 5875 Falls Avenue Niagara Falls, ON L2G 3K7 The Sheraton On The Falls is approximately two hours southwest of Toronto. It is a modern AAA/CAA 2012 rated 4 Diamond/5 Star hotel located directly across from the Falls in the heart of Niagara s premier Falls view tourist district. All participants are required to live in-residence for the duration of the course. The all-inclusive daily rate is $278.15 (including taxes and gratuities) per night, single occupancy. The rate includes accommodation, breakfast and lunch, coffee breaks and wireless Internet. Hotel charges are the responsibility of the individual and are paid directly to the Sheraton On The Falls when checking out. You will be asked for a credit card on arrival. No shows will be charged. PLEASE NOTE: Do not book your accommodations directly with Sheraton On The Falls. The CICA will reserve a room at the Sheraton on the Falls on your behalf and guarantee late arrival. COMPLETE GUIDE TO THE EXCISE TAX ACT Participants are recommended to bring with them, the latest edition of the Excise Tax Act. You can purchase a copy at the CAStore www.castore.ca or by calling our Customer Service Department at 416-977-0748 or 1-800-268-3793 to place your order. Please note it takes 3-4 weeks for delivery. CANCELLATION POLICY Registration fees are accepted on behalf of the individual only. Applications for substitution of one member of an organization to attend the course may be made in writing up to and including Monday, May 14, 2012. Cancellations received up to Friday, April 20 qualify for a full refund. Cancellations received between April 21 and May 14 will be subject to a $300 cancellation fee (plus HST). No refunds will be provided for cancellations received after May 14, 2012. No shows will be charged. PLEASE NOTE: If you access your online materials account prior to cancellation, an additional $750 (plus HST) content access fee will apply. All cancellations must be received in writing, either by mail to CICA Conference Office, 1345 St. Clair Ave. West, Third Floor, Toronto, ON M6E 1C3, Attn: Jimmy Tanudjaja, Registration Manager, or faxed to (416) 593-1805, or emailed to cica@andlogistix.com Financial Services Course TUITION FEE: $1,095 (plus HST) Register on-line at: www.cpd.cica.ca/fsc Register by phone: 416-204-3263 COURSE LOCATION Ivey ING Direct Leadership Centre 130 King Street West, Ground Floor Toronto, Ontario, M5X 1A9 Phone 416-861-9600 Ivey ING Direct Leadership Centre is located in the heart of the financial district on the ground floor of the Exchange Tower at the corner of King and York Streets, walking Distance from Union Station, Major Hotels, & Local Attractions. For those participants traveling from out of town, please note that you are responsible for making your own hotel accommodations. For suggested hotel accommodation, visit www.cpd.cica.ca/fsc CANCELLATION POLICY If you are unable to attend the Course(s) for any reason, you may substitute, by arrangement with the registrar, someone else from your organization or you may cancel up to two weeks prior to the start of the course for a full refund. If you cancel after the two week cut-off, a $300 (plus HST) administration fee per course will apply. PLEASE NOTE: If at any time after registration online materials are accessed prior to cancellation, a $750 content access fee per course will apply. Please note that all cancellations must be received in writing, either by mail to CICA, Continuing Education, 277 Wellington Street West, Toronto, ON M5V 3H2, Attn: Registrar, Continuing Education, or faxed to 416-204-3415, or emailed to registration@cica.ca PROGRAM DISCLAIMER The speakers, workshop leaders, topics, program format and events are correct at the time of printing. If unforeseen circumstances occur, the CICA reserves the right to alter or delete items from the program, or cancel the event. Presenters have prepared material for the continuing education of participants. Although they trust that it will be useful for this purpose, neither presenters nor the CICA can warrant that the use of this material would be adequate to discharge the legal or professional liability of participants in the conduct of their practices or business operations. YOU MUST HAVE AN ACCOUNT TO REGISTER As a participant, you must have your own personal account in order to access the event materials. Before you register, please ensure you have an active account and profile. Visit the CAStore at www.castore.ca and click on my account (top right-hand side), and either Login and update your profile, or create a new profile if you do not have an account. 10
CiCa advanced Hst/gst CoURes COMING THIS NOVEMBER 2012 Cross-Border transactions Course November 15-16, 2012 CICA Offices Toronto, ON PROGRAM OUTLINE This two-day course will cover an area that the HST/GST expert must deal with on a daily basis non-residents and cross-border transactions. It is the perfect complement to our In-Depth HST/GST Course. The Cross-Border Transactions Course will focus on the application of HST/GST to specific, practical, real-life situations and the numerous technical issues that arise when one tries to apply the HST/GST provisions to crossborder transactions. In addition, it will also provide you with an excellent opportunity to meet other practitioners and interact with our top-notch faculty who will help walk you through the issues and answer your questions. WHO SHOULD ATTEND Chartered Accountants and other professional accountants who advise clients on HST/GST matters Lawyers and other professional advisors who counsel on HST/GST matters CFOs, controllers, treasurers and other financial executives and managers who are directly responsible for (or oversee) HST/GST compliance within their organization big or small! Professionals in CRA, Department of Finance, and other government settings who have some responsibility for HST/GST matters TOPICS INCLUDE Taxation and special rules for non-residents Application of HST and GST to different types of cross-border transactions Drop-shipment rules Application of HST and GST to cross-border electronic commerce and continuous transmission commodities CPD CREDITS Up to 12 hours TUITION $1,095 (plus HST) For more information, visit: www.cpd.cica.ca/cbtc NOTE Additional offerings may be added during the year. Visit website above for updates. NEW! Public Sector Bodies Course November 19-20, 2012 CICA Offices Toronto, ON PROGRAM OUTLINE This new Advanced HST/GST Course will provide much needed insight into the world of indirect taxes for public sector bodies. Public sector bodies include government bodies, non-profit organizations, charities, municipalities, schools, universities and hospitals. The goal of this advanced offering is to expand on the concepts introduced at the In-Depth HST/GST Course, and to provide indirect tax professionals and others who work in this sector with a detailed look at the rules and complexities surrounding this unique practice area. Seize this cost-effective opportunity to learn from some of the sector s most respected practitioners, while building on your indirect tax technical knowledge to help you run your organization effectively. WHO SHOULD ATTEND Chartered Accountants and other professional accountants who advise clients on HST/GST matters relating to public sector bodies Lawyers and other professional advisors who counsel on HST/GST matters relating to public sector bodies CFOs, controllers, treasurers and other financial executives and managers who are directly responsible for (or oversee) HST/GST compliance within their public sector organization big or small! Professionals in CRA, Department of Finance, and other government settings who have some responsibility for HST/GST matters TOPICS INCLUDE Special registration rules and streamlined accounting methods Applicability of certain exemptions available to various types of public sector bodies Rebates Relevant insights and advice on common HST/ GST issues faced by public sector bodies CPD CREDITS Up to 12 hours TUITION $1,095 (plus HST) For more information, visit: www.cpd.cica.ca/psbc 11