Tax Webinar Series: Updates and Discussion: PDFs, GST/HST, Pensions, 211 elections and other issues

Session title: Updates and Discussion: PDFs, GST/HST, Pensions, 211 elections and other issues
Date and time: March 8, 2011 at 1:00 pm (EST)
 

Registration is now closed.
 

Overview:
This session will provide an update on current tax issues, including:

PDFs
While the 2010 Federal Budget explicitly removed the tax exemption for postdoctoral fellowships, it did not specifically address the income tax status of PDFs. The CRA has recently issued a technical interpretation that states that the income tax treatment of each PDF must be determined on a case by case basis taking into account all of the relevant facts of the individual's situation.  The webinar will explore the current views being expressed by the Canada Revenue Agency through interpretations and rulings that have been issued in 2010.

GST/HST and pension plans
Recent changes to GST/HST legislation significantly affect universities that provide resources to support the operations of a registered pension plan as the employer is now required to remit GST/HST on the value of these employer resources. The webinar will outline the key employer resources which need to be identified as part of the required tax remittance at the year end of the university. Other implications will also be highlighted, including the 33% pension rebate; the SLFI rules and the provincial attribution %.

GST/HST and 211 elections
The election under section 211 is an election by a public service body to have an exempt supply of real property treated as a taxable supply. There have been notable differences in the interpretation made by the CRA and that made by tax advisors serving the sector, of the circumstances in which such an election can be made. This session will address some of the key issues that this situation raises.

Meet the presenters:
Tracey McHardy, Taxation Manager, University of Saskatchewan
John Robinson, Director, Special Projects, University of Calgary

Cost:
Members: $90 per session
Non-Members: $125 per session