What makes this a must-attend program? Highlights include:
Policy overview: Overview of the past and present challenges and complexities associated with the taxation of financial services products.
Financial service provisions: In-depth review of the financial services provisions as defined in the Excise Tax Act.
Input tax credit allocation methodology for financial institutions: Overview of the types of inputs and the options available to determine
the applicable recovery rates for the different categories of inputs; a review of the special rules for qualifying institutions; a discussion of the preapproval process for qualifying institutions; an outline of the change-of-use rules that apply to financial institutions.
Self-assessment provisions: Overview of self-assessment provisions for financial institutions, including the qualifying consideration and imported taxable supply provisions.
Rebates: Discussion around the various rebates available to financial institutions.
Selected listed financial institution (SLFI) rules: A review of how a person becomes a SLFI and the associated implications; overview on how the special attribution method formula works, including a review of the provincial attribution percentages rules for certain types of SLFIs.
Investment and pension plans: A review of the rules governing investment plans — such as mutual funds and investment limited partnerships — and pension plans.
Case law update: The latest case law developments.
