OBA Labour & Employment, Taxation Law  PROGRAM | Original Program Date: October 17, 2023

Settlements in employment-related disputes often have tax implications. Changes to the Income Tax Act that came into effect in June may mean your client now has an obligation to report settlements which include non-taxable payments to the CRA as part of a broadened notifiable and reportable transactions regime. Depending on the outcome of a recent constitutional challenge to these ITA changes, you, as counsel acting on these settlements, may have reporting obligations as well.

Please join our expert panel of employment and tax lawyers as we discuss what these changes mean for your practice, including:

• CRA’s definitions of reportable and notifiable transactions that apply in the employment law context
• Exceptions recognized by CRA
• What is protected by privilege?
• Whether Employee indemnities trigger a reporting requirement
• Do both parties have a reporting obligation?
• What to do if the client does not agree that the transaction falls under the reportable and notifiable transaction regime.  Will the lawyer potentially have an obligation to report in this context?

Learn more about these changes and hear practical tips for navigating this new reality.

PROGRAM CHAIRS

Hossein Moghtaderi, Filion Wakely Thorup Angeletti LLP
Stuart Rudner, Rudner Law and Rudner ADR

MODERATOR

Stuart Rudner, Rudner Law and Rudner ADR

PROGRAM SPEAKERS

Bhuvana Rai, Mors & Tribute Tax Law
Sean Bawden, Kelly Santini LLP