On 3 June, 2014, GEO was pleased to host attendees at our Toronto Area Chapter Meeting. Thank you to everyone who attended, as well as to our speakers and event sponsors for their support.
Stay tuned for more information on upcoming activities in the Toronto region.
PAST CHAPTER EVENTS
Highlights from 3 June 2014
Toronto Area Chapter Meeting
The GEO Toronto Chapter hosted an event on 3 June 2014, at the offices of McCarthy Tétrault.
Canadian Taxation on Non Resident Trusts
The winner of the 2014 GEO Award for the Most Innovative and Creative Plan Design discussed how they have been able to excel at building an award winning global employee ownership culture, even in the face of difficult economic conditions and challenging political and labor markets. In this presentation the Kinross team shared their "out of the box" thinking that led not only to the creation of a unique share plan design that met both their industry needs and worked within the various economic constraints - but also resulted in their selection as the 2014 winner of the coveted GEO award for innovation and creativity!
Chris D'Iorio, Aon Hewitt; Peter Megoudis, Deloitte
The Kinross Experience
The deadline for filing crucial elections for offshore employee benefit plan trusts is fast approaching. If such elections are not filed by June 26, 2014, the whole trust may be subject to Canadian taxation on its income. This panel will provide an overview of the new rules and discuss the traps that can taint a company's EBP trust, as well as the procedures for minimizing the exposure of a tainted trust.
Connie Bao, Kinross; Tara Wiseman, Kinross
Highlights from 18 April 2013
Westjet Airlines Philosophy Presentation
The GEO Toronto Chapter hosted an event on 18 April 2013, at the offices of McCarthy Tétrault.
Westjet Airlines philosophy of having a committed employee base profiting from the success of the airline that was driven by employee share ownership. Its Canadian content factor is almost pure bred 100% and a success for Canadian enterprise in what is typically a graveyard industry.
Scott Hausberg, Manager, Compensation, WestJet, Calgary
Scott has been involved in compensation since 1998. Ten years after joining the navy as a logistics officer, he took his MBA at the University of Calgary. On completion, he was assigned to work in the Directorate of Pay Policy Development at National Defense Headquarters. In addition to the development of military pay, he spent two years running the military payroll systems.
Retiring as a Commander in 2006, he became the Manager of Compensation at Shell Canada. This then lead to his current role at WestJet.
Besides being a founding director of CTRN, Scott is a director in the Naval Museum of Alberta Society and editor of its quarterly newsletter, The Ensign.