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Partnership taxation

Developed for the In-Depth Tax Program, this course is for tax practitioners who want an in-depth understanding of the fundamentals of partnership taxation. It highlights key concepts related to Canadian partnerships and their partners.

Are you a practitioner who would like a better understanding of the taxation of Canadian partnerships and their partners? If so, this course is for you.

Key concepts include:

  • the purpose and structure of partnerships
  • tax implications of transfers to and from partnerships
  • partnerships and the small business deduction
  • unique rules related to professional partnerships
  • partnership compliance requirements

The material in this course reflects legislative changes as of March 22, 2021.

You will learn about:

  • what a partnership is for tax purposes
  • the difference between a general partnership, a limited partnership, and a limited liability partnership for tax purposes
  • the unique rules applicable to professional partnerships
  • how the small business deduction is allocated to partners engaged in an active business
  • a corporate partner’s ability to access the small business deduction
  • the tax implications of a partner’s transfer of their partnership interest or assets to and from a partnership
  • the tax implications to a partner retiring or withdrawing from a partnership, including when a partner retires mid-year

Who should attend?

  • professional accountants who require an in-depth understanding of the taxation of Canadian partnerships and their partners
  • tax practitioners who require a refresher on the critical issues of the taxation of Canadian partnerships and their partners

Contact:

Member Development and Support

Tel: 1-800-268-3793

Email: [email protected]