Desiree Katz to present to The Estate Planning Council of Winnipeg on new trust reporting requirements

On Monday, March 4, 2024, MLT Aikins lawyer Desiree Katz will be presenting to The Estate Planning Council of Winnipeg on Canada’s new trust reporting requirements.

As of December 31, 2023, the federal government has introduced new reporting requirements for trusts. These changes were made as part of Canada’s international commitment to the transparency of beneficial ownership information, as well as its continuous efforts to ensure the effectiveness and integrity of the Canadian tax system.

Desiree’s presentation will provide an overview of the new reporting rules, including filing requirements, exemptions available and penalties for non-compliance. She will lead attendees through various scenarios related to the new reporting rules and provide her thoughts on how to ensure clients are aware of – and compliant with – the Canada Revenue Agency’s new trust reporting requirements.

The Estate Planning Council of Winnipeg

For more than 40 years, The Estate Planning Council of Winnipeg has been a meeting place of choice for many of Winnipeg’s top financial and estate planning professionals including lawyers, Chartered Professional Accountants, Chartered Life Underwriters and trust officers, as well as members with CFP, RFP and CFA designations.

The council provides members with thought-provoking programming including current briefs by local and national experts from legal, taxation, financial planning investment and trust company perspectives. In addition, the council provides its members with opportunities to learn and share ideas with other professionals involved in the estate planning process.

Based in Winnipeg, Desiree Katz has extensive experience advising clients with respect to taxation and estate planning. In particular, she assists clients with corporate tax planning, personal tax planning, corporate reorganizations and tax-efficient business structuring. Desiree also has experience with distribution planning, the implementation and use of family trusts, succession planning and intergenerational transfers of businesses, personal estate planning and drafting testamentary documents.

In July 2023, Desiree completed the Chartered Professional Accountants of Canada’s In-Depth Tax Program (IDTP). This three-year program provides tax practitioners with a strong foundation of technical knowledge in core tax issues. Desiree uses the skills she gained from completing the IDTP to help achieve the best outcomes for the firm’s clients.