Expert witnesses sometimes – intentionally or unintentionally – extend their opinion into areas that are reserved for the ultimate trier of the facts. When this happens, legal issues arise with respect to both the admissibility into evidence of the expert’s opinion evidence and the weight to be afforded said opinion evidence.   Join Jack Blackier, FCA, FCPA, DIFA, LL.M., a forensic accountant and lawyer with Cox and Palmer, as he illustrates the legal issues that arise in this context, and will address various mechanisms to help avoid the expert witness crossing this line.

Valuing a personal service, hands-on, owner-operated professional practice requires a valuation of the Doctor (labour) supply. The cost of labour in the professional practice marketplace has a significant range and relying upon a simple rule of thumb as to the value of a doctors service will produce an incorrect valuation of the practice. Being unfamiliar with labour supply ratios and prevailing compensation packages can purposely or accidentally produce a value that is substantially higher or lower than the actual, arm’s-length and open marketplace.

Timothy A. Brown has risen to national prominence as President & CEO of ROI Corporation, Canada’s #1 dental practice appraiser and broker. His insights, research and experience in the dental field has made him a highly sought after professional speaker and a respected author.

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Presentation

In this webinar Blake Dawson, CBV at  Vet Help Inc., will explore the intricacies of valuing a veterinary practice in Canada.  This includes the similarities and differences with other small businesses.  He will discuss where veterinarians look to have their valuations performed, the prevailing methods used, and the current purchaser demand across geography, practice type, and practice size.  Blake will further discuss the reasons why the majority of veterinary transactions tend to be share transactions and the regulatory environment around practice ownership, challenges of establishing capitalization rates for individual practices and the characteristics that influence that decision.

The CBV Institute’s first ever round of practice inspections will commence in 2019, and all Members and Registered Students will be impacted. Are you ready? 

Join Catalina Miranda, CICBV’s Director, Professional Practice as she provides a high level overview of the new Practice Inspection Policy, including key expectations around reporting to the Institute, who and what is subject to Practice Inspection, what you can expect to happen as part of a practice inspection, and the possible outcomes of a practice inspection.  She will also address any questions from Members and Students.

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What does 2019 hold in store here and abroad? When will interest rates stop rising? Is the U.S. headed for a fiscal cliff? Join Brian DePratto, Senior Economist at TD Bank, as he answers these questions and more as he explores the key economic trends and what they mean for you. 

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Join Jonathan Gallant, CPA, CA, CBV – Director & CFO of 314 Pure and Co-founder of Breathing Green Solutions Inc. as he takes participants through a review of the current marketplace and changing regulations with valuation considerations within the cannabis industry. He will also highlight the implications of legalization in Canada and abroad with a summary discussion of recent transactions in the industry.

Often times after a business owner sells and retires from the business, they have more assets than they need to fund their retirement. This usually results in “trapped” money in a holding company that is left to accumulate and eventually passes to their heirs through their estate.

Join Joshua Lane and Joël Campagna as they discuss the many tax efficient ways to maximize the use of these funds and unlock “trapped money” through implementing life insurance and other estate planning strategies. A few notable topics to be discussed are:

• life insurance as an alternative asset class
• maximizing the Capital Dividend Account (CDA)
• recent tax changes and their effect on estate planning strategies

What happens when you sell your business and lose your steady pay cheque? How do you convert your recently acquired investable assets into a steady stream of income that will be sustainable and last your lifetime?

Join Joshua Lane, EVP, Wealth Strategies at Kaspardlov and Associates (Manulife Securities Inc.) as he discusses the biggest concerns clients have when they sell their business and transition to the retirement phase.  Clients need a plan to show them:

• the income they can expect from the proceeds they will receive post sale
• how to shift their focus from asset accumulation to wealth preservation and deaccumulation phase
• how their professional advisors (CBV, CPA, CFP), can be their new Board of Directors for their personal wealth management business

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Presentation

WBLI: Two Years Later – What we learned

Topical Issues in Business Loss Quantification

M&A Update

Family Law Panel Discussion

Cross Examination Preparation by Expert Witnesses

Bankers Perspective on Current Capital Structure Trends

Presentation

Nearly every Canadian with business, real estate or financial assets has some wealth invested directly or indirectly in USA assets.  The USA tax reforms enacted in December 2017 were the most significant reforms in decades, and those tax reforms have had a large impact and will continue to have a large impact for years to come on the values of those USA assets.

Join Daniel Rogozynski, CPA-CA, CPA (Illinois), MAcc, Lecturer in Taxation, University of Waterloo, as he presents, in a non-technical manner, the most significant elements of the USA tax reforms and compare those elements to the previous USA regime as well as to similar Canadian elements.   Webinar participants will be presented with the top 12 elements of USA tax reform in a way that they will have sufficient knowledge of the changes in the USA to make preliminary assessments of valuation impacts of these reforms on their clients’ USA assets.

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The last 5 years have seen a significant increase in private equity interest in the Canadian middle market, in particular from US based private equity firms.  This provides business owners with ever more options as they examine the future strategic direction of their Company.   In particular, owners who wish to gain some liquidity but still want to participate in the continued growth of their business are increasingly able to structure deals that accomplish their specific goals.

Join Oliver Khan, Principal at NewPoint Capital Partners as he examines various factors that influence deal structures in private equity including:

• Maximizing proceeds today vs. future upside
• Minority, majority and more exotic investment structures
• The importance of flexibility in the negotiating process and picking the right battles
• Speed and certainty to close
• Relationship with new partner post-transaction
  • Reporting requirements
  • Board representation
  • Value added advice
  • Alignment of goals
  • Timing of final exit

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The Webinar will cover topics such as the current state of golf and the golf real estate market in Canada, the various methodologies used to determine value (such as the Income Approach, Direct Comparison Approach and the Cost Approach); Private (for profit and non-profit) vs Public club valuation; as well as Hypothetical Valuations under potential redevelopment opportunities.

Charles Suddaby and Jonathan Dunlap bring a diverse background in the valuation of golf courses. Charles is the Senior Vice President of the Hotel, Hospitality & Gaming group in Canada for Cushman & Wakefield. Jonathan is a Senior Consultant with Cushman & Wakefield and previously worked in the golf industry.  Over the years, they have valued such notable assets as Rosedale Golf Club, Whistle Bear Golf Club, Fairmount Banff Springs Golf Course, and The Muskoka Bay Club, and numerous other public and private clubs across the country.

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This webinar will focus on a recent decision of the Supreme Court of Canada whereby the Court confirmed a basis for the imposition of personal liability of corporate directors by way of an oppression remedy. Jack Blackier (Partner, Cox & Palmer) will illustrate the circumstances under which personal liability might be imposed, and the practical impacts thereof on CBVs who are involved in a matter in which an oppression remedy is being sought.

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