Taxation of Divorce & Separation
Navigate the complex tax implications of relationship breakdown – from support payment deductibility and property division rollovers to attribution rules, legal fee deductions, and post-separation planning. Made for CPAs.
12:00 PM - 2:30 PM ET
Hugh Woolley
Separation and divorce create immediate tax consequences clients need to navigate correctly. Gain the expertise to structure deductible support payments, execute tax-deferred property transfers, optimize principal residence claims, manage attribution cessation, and advise on legal fee deductions.
SEMINAR OVERVIEW
The principal residence exemption is widely applicable and increasingly complex. While you may not encounter these claims every day, when they do arise, and particularly the complex ones, having the right knowledge matters.
This seminar will cover the complete framework, from basic qualification rules to the technical scenarios that create problems in practice. You'll learn how to determine capital property status, apply the "ordinarily inhabited" test, navigate land size restrictions, and handle change-of-use elections under subsections 45(2) and 45(3). The session will addresses integrated units, duplexes, properties used in business, trust ownership, and the new residential flip rules.
Through practical examples and organized resource materials, you'll gain the working knowledge to identify issues early, execute proper designations, advise on elections, and avoid common errors that trigger reassessments.
Register is now open for the live session with live Q&A. Full recording included.
KEY LEARNING OBJECTIVES
Understand the fundamental requirements of the Principal Residence Exemption and how to properly claim it.
Navigate the rules surrounding property qualification, including capital property requirements and the new flipped property rule.
Calculate the exemption using practical examples and strategic designation approaches for multiple properties.
Implement effective tax planning strategies for change of use situations, foreign properties, and trust ownership.
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Included with Registration
Tax Seminar + Live Q&A
Gain practical insights and get your questions answered directly by tax experts.
Slides & Detailed Notes
Access clear, organized materials that support and enhance your learning.
Recording (1-Year Access)
Review the session anytime with convenient, on-demand access.
SEMINAR DETAILS
CPD Certificate- Evaluating properties for principal residence qualification and ordinarily inhabited requirements
- Strategically designating properties when multiple residences are owned
- Navigating land size restrictions and excess land considerations
- Implementing proper elections for rental conversion and change of use scenarios
- Calculating exemption benefits and optimizing claims for maximum tax savings
Meet Your Presenters
Michael Cadesky
Michael Cadesky is the managing partner at Cadesky Tax and a committed contributor to the tax and accounting professions since 1980, earning the title of Fellow from CPA Ontario. He is a past governor of the Canadian Tax Foundation, past chair of STEP Canada and STEP Worldwide, and past chair of the CPA Canada Tax Committee for Small and Medium-Sized Enterprises. Michael is also the co-author of 11 books on tax subjects and the author or co-author of numerous papers and articles on Canadian and international taxation.
Hugh Woolley
Hugh Woolley is an independent tax consultant who has taught income tax for over 30 years for a number of different professional organizations. Hugh has written courses for CPA Canada and over 10 papers for the B.C. Tax Conference as well as papers for the CTF's National Tax Conference and STEP Canada's National Conference. From 1990–1992 he worked at the CRA's Rulings Directorate in Ottawa writing "butterfly" tax rulings. Hugh is a past Governor of the Canadian Tax Foundation.
What if I miss a session?
All sessions will be recorded and uploaded, allowing you to watch the recordings anytime. Slides with detailed notes will also be provided.
Does the program provide CPD?
Yes. At the end of the program, you will receive a verifiable CPD certificate indicating all instructional learning hours and required details.
Are these online or in-person seminars?
Cadesky Tax Seminars are hosted online. You can join live from any device with internet access. Each session ends with a live Q&A.