BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P1H REFRESH-INTERVAL:P1H CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/Vancouver BEGIN:DAYLIGHT RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU DTSTART:20070101T000000 TZOFFSETFROM:-0800 TZOFFSETTO:-0700 TZNAME:Pacific Daylight Time END:DAYLIGHT BEGIN:STANDARD RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU DTSTART:20070101T000000 TZOFFSETFROM:-0700 TZOFFSETTO:-0800 TZNAME:Pacific Standard Time END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Vancouver:20260521T073000 DTEND;TZID=America/Vancouver:20260521T100000 X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Education | Building for the Future: Business Transitions & the Prompt Payment Act DESCRIPTION:BC's construction industry is navigating a period of economic pressures\, succession shifts\, and upcoming legislative changes. Join us for a focused workshop designed for builders\, renovators\, contractors\, trades\, and business owners who want to get ahead of what is coming next.Doane Grant Thornton LLP will introduce the "All-Purpose" structure\, a flexible and tax-efficient framework that supports sale\, succession\, and transition planning for owner-managed construction businesses. Attendees will learn how early planning preserves wealth\, minimizes tax burdens\, and creates more options for future outcomes.Pushor Mitchell LLP will provide a legal briefing on Bill 20 2025\, the Construction Prompt Payment Act\, recently introduced by the provincial government. While the Act is not yet in force\, understanding its requirements now will help ensure contracts\, billing systems\, and payment practices are ready when the new rules take effect.\nAttendees will learn how to:\n Understand current succession and ownership transition pressures facing construction businesses in BC\n Evaluate how flexible business structuring can support sale\, succession\, or management transition while preserving wealth and minimizing tax burdens\n Identify timing considerations and real-world scenarios where early planning creates more flexibility and reduces risk\n Gain clarity on the structure and intent of BC's proposed Construction Prompt Payment Act and how it compares to other jurisdictions\n Assess how upcoming legislative changes may affect existing contracts\, billing practices\, cashflow\, and payment timelines\n Take practical steps to prepare internal systems\, documentation\, and decision-making for ownership transition and prompt payment compliance Whether you are thinking about retirement\, exploring ownership transition or business sale\, or preparing for upcoming legislative changes\, this workshop will help you make informed decisions in a changing landscape.Approved for 2 CPD. X-ALT-DESC;FMTTYPE=text/html:

BC&rsquo\;s construction industry is navigating a period of economic pressures\, succession shifts\, and upcoming legislative changes. Join us for a focused workshop designed for builders\, renovators\, contractors\, trades\, and business owners who want to get ahead of what is coming next.

Doane Grant Thornton LLP \;will introduce the &ldquo\;All-Purpose&rdquo\; structure\, a flexible and tax-efficient framework that supports sale\, succession\, and transition planning for owner-managed construction businesses. Attendees will learn how early planning preserves wealth\, minimizes tax burdens\, and creates more options for future outcomes.

Pushor Mitchell LLP will provide a legal briefing on Bill 20 &ndash\; 2025\, the Construction Prompt Payment Act\, recently introduced by the provincial government. While the Act is not yet in force\, understanding its requirements now will help ensure contracts\, billing systems\, and payment practices are ready when the new rules take effect.

Attendees will learn how to:
&bull\; Understand current succession and ownership transition pressures facing construction businesses in BC
&bull\; Evaluate how flexible business structuring can support sale\, succession\, or management transition while preserving wealth and minimizing tax burdens
&bull\; Identify timing considerations and real-world scenarios where early planning creates more flexibility and reduces risk
&bull\; Gain clarity on the structure and intent of BC&rsquo\;s proposed Construction Prompt Payment Act and how it compares to other jurisdictions
&bull\; Assess how upcoming legislative changes may affect existing contracts\, billing practices\, cashflow\, and payment timelines
&bull\; Take practical steps to prepare internal systems\, documentation\, and decision-making for ownership transition and prompt payment compliance

Whether you are thinking about retirement\, exploring ownership transition or business sale\, or preparing for upcoming legislative changes\, this workshop will help you make informed decisions in a changing landscape.

Approved for 2 CPD.

LOCATION:5505 Airport Way Kelowna BC V1V 3C3 UID:e.2458.1378755 SEQUENCE:3 DTSTAMP:20260421T024010Z URL:https://members.chbaco.com/events/Details/education-building-for-the-future-business-transitions-the-prompt-payment-act-1627742?sourceTypeId=Hub END:VEVENT END:VCALENDAR