Madan Internal Training


Madan Internal Training

Share Certificates (Common, Preference & Special)

Use these fillable templates to prepare a Common, Preference or Special Share Certificate. Continue reading

Madan Internal Training

45(2) Election Change in Use

Use this template to prepare a Subsection 45(2) election. When a taxpayer changes the use of his property from a principal residence to a rental property, there is a deemed disposition at that time. However, so long as the taxpayer did not claim CCA in respect of the property and is a resident of Canada, … Continue reading 45(2) Election Change in Use Continue reading

Madan Internal Training

US Bank Contact

This document contains information for a US banker that will open up business bank accounts for US entities. Continue reading

Madan Internal Training

Contacts for US Lawyers

This list contains contacts for US lawyers that can help with US real estate transactions. Continue reading

Madan Internal Training

Changing LLC to LP

This training material covers the case of a Canadian individual who directly owns units of a US LLC, and would like to operate his business through a US LP instead. The following documents are included: – Presentation Slides – Memorandum (case study) Continue reading

Madan Internal Training

8288-B Withholding Certificate

This training materials reviews how to prepare form 8288-B, Application for a Withholding Certificate. When a non-resident alien sells a US property, the title company is supposed to hold back 15% of the sales proceeds. To reduce the withholding tax, form 8288-B should be filed with the IRS. This training materials includes the following documents: … Continue reading 8288-B Withholding Certificate Continue reading

Madan Internal Training

Section 85 Rollover

This training material covers a practical example of a transfer of assets from a sole proprietor to a corporation involving Section 85 of the Income Tax Act. The following documents are included in this training: a) Memorandum to Client b) Form T2057 (Section 85 Rollover) c) Director’s Resolution d) Rollover Agreement e) Presentation Slides f) … Continue reading Section 85 Rollover Continue reading

Madan Internal Training

Section 86 Rollover

This training material covers Section 86 of the Income Tax Act. Section 86 is used in corporate reorganizations where shareholders exchange their shares in a company for new shares from that company. In this you will find a) Case Study and b) Presentation Slides. Continue reading

Madan Internal Training

Family Trust

The slides contained in this document cover the the Canadian tax issues with respect to Family Trusts and how they can be used by Canadian business owners and regular Canadians to save tax. Continue reading

Madan Internal Training

US Limited Partnership Setup for Canadian investors

This training materials is meant for accountants that would like to help their clients invest in US real estate and/or US rental properties. The first memorandum “Basic Setup” provides instructions for Canadian investors of a US Limited Partnership, where the US Limited Partnership is the owner of the US real estate. The second memorandum “Basic … Continue reading US Limited Partnership Setup for Canadian investors Continue reading

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