On the 12th May Cayman Enterprise City invited a large group of their local channel partners including Conyers, Carey Olson, Mourant, Ogier, Walkers, Solomon Harris, Higgs Johnson, Harneys, Stuarts, Dinner Martin, Stenning & Associates, Sinclairs, Cayman Fiduciary Limited and Legal Chambers Cayman to a boardroom breakfast presentation by visiting Canadian channel partner Sabina Mexis, visiting tax lawyer from Devry Smith Frank LLP in Toronto.
Sabina is a partner in Devry Smith Frank’s Tax Group specializing in tax and business succession structuring and planning and has particular expertise in cross-border tax planning as well as trust and estate planning. Sabina also represents and assists clients in tax disputes with the Canada Revenue Agency and is designated as a trusts and estate practitioner with the Society of Trusts and Estates Practitioners (STEP). Sabina works closely with the CEC business development team and their clients in Canada who are considering setting up a physical presence with the Special Economic Zone, helping them navigate a plethora of legal and tax issues prior to emigrating from Canada or setting up a business outside of Canada.
Attendees of the session learnt detailed information about key tax considerations for clients emigrating from Canada, and about Canadian tax treatment of income earned by a Cayman subsidiary corporation. As an expert on Canadian tax matters Sabina also covered the conversion of passive income into exempt surplus for Canadian tax purposes and discussed what the Tax Information
“We were delighted that Sabina donated her time to present this important information which is of great interest to Cayman attorneys who advise Canadians considering moving to Cayman and setting up in the Special Economic Zone” said Sherry Robinson, Global Business Development Manager at CEC. “We enjoyed an informative Q&A session after the presentation, attendees found it most useful and many good business relationships with local firms have been formed” she continued.
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