2024 Income Tax Update: Navigating the New Complexity

Jay Goodis (CEO & Co-Founder of Tax Templates Inc.) and Kim G. C. Moody (Founder of Moodys Tax) present an in-depth 90-minute webinar with 200+ slides addressing key tax changes for 2024, including the capital gains inclusion rate increase from 1/2 to 2/3 and its impact on the capital dividend account, and practical strategies for recognizing capital gains.

They explore how the broadened Alternative Minimum Tax base interacts with the new capital gains rules, sharing real-life scenarios and guidance on minimizing AMT liabilities. Attendees will gain an understanding of advanced tax planning opportunities, including the integration of the capital gains exemption, strategies for charitable giving, and the implications of new tax incentives, such as the Canadian Entrepreneurs' Incentive (CEI) and Employee Ownership Trusts (EOTs).

The session also covers important developments in bare trusts and other critical tax changes, providing participants with actionable insights for navigating the evolving tax landscape.