MINUTES OF THE EXECUTIVE
COMMITTEE
Meeting held May 8, 2013
at
BMO Harris Private Banking
9th Floor, 595 Burrard Street
Vancouver, BC
PRESENT:
Pamela J. Skinner (PJS)
Andrew MacKay (AM)
Calvin Fong (CF)
Mary Lou Miles (MLM)
John Bathurst (JB)
pskinner@cga-bc.org
amackay@ahbl.ca
calvin_fong@vancity.com
mlmiles@genuscap.com
john.bathurst@bmo.com
REGRETS:
Pauline Savoy (PS)
pauline.savoy@rbc.com
The meeting was called to order at 11:05 am.
1) Last Executive Meeting
FOLLOW-UP
a) Review and approval of minutes of March 27, 2013.
Approved
2) Review of May 7th EPCV meeting
(a) Speaker: Anna Laing did very well and covered her extensive
material in fine fashion. A quality presentation which used all the time
allocated.
(b) Food: good overall.
(c) Attendance: 101 attended; 17 registered but did not show; 1 guest
registered but did not show.
(d) Set up: fine, but a reminder should be made to LCI that closing of the
bar while the presenter is still speaking is verboten. LCI should wait
until after 8:00 pm.
AM to advise
LCI
-23) Preparation for June 4th EPCV meeting (joint with CBA)
(a) Ruth E. Steverlynck of RES Consulting Group Inc., who was to
present on June 4th on family businesses and the role of “Chief
Emotional Officer”, is now tentatively scheduled for October 29, 2013.
(b) The June 4th meeting will now have Franco Lombardo present on
“Great White Elephant: Why Rich Kids Hate Their Parents” or “How to
Assist Your Clients and Families to Raise Emotionally and Financially
Literate Children”.
(c) Head table attendees: Franco Lombardo, Janine Thomas (for short
snapper), Emma McArthur (CBA), Michelle Isaak (new member),
PJS, JB, MLM
JB to confirm
for October
29th.
PJS to invite
McArthur and
Thomas.
MLM to invite
Issak.
(d) Introduction of Franco Lombardo: JB
(e) Introduction of Janine Thomas: PJS
(f) Short snapper: “Recent Registered Plan Life Insurance Designation
Decisions from Ontario” by Janine Thomas.
(g) Gift card: $100
(h) As this is joint meeting with CBA, PJS to work with McArthur on
separate registration table and attendance list. AM to work with LCI
on joint attendance.
4) Program for 2013/2014
(a) October 29, 2013: Ruth E. Steverlynck of RES Consulting Group Inc.
on family businesses and the role of “Chief Emotional Officer”.
(b) November 26, 2013: Charity speaker – Joint with CAGP. Marcel
Lauziere, President and CEO of Imagine Canada to speak. PJS
thanked CF and Vancity Community Foundation’s offer to sponsor
Lauziere and half of his travel costs.
(c) January 28, 2014: Douglas Porter, Chief Economist at BMO?
(d) February 25, 2014: Investments- modern portfolio theory? Chasing
returns? Robert L. Heinkel of Sauder School of Business, UBC?
(e) March 25, 2014: Legal update – WESA? Panel discussion on
planning, administration and litigation under WESA?
(f) May 6, 2014: Joint with CBA. Counselling for those supporting end
of life/Alzheimer’s/grief? Dr. Romayne Gallagher, currently Head of
Residential Care and Palliative Care Divisions of the Department of
Community and Family Medicine at Providence Health Care?
(g) June 3, 2014: Dr. John Helliwell on U.N. study: “Gross National
Happiness”?
JB to confirm
Steverlynck.
CF to work
with Lauziere
on topic for
presentation
JB to check on
schedule of
Douglas
Porter.
MLM to invite
Robert Heinkel.
-35) Treasurer’s Report (PS)
(a) Review in greater detail at next meeting upon PS return from
vacation.
6) Memberships (MLM))
(a) New member approved: Michelle Isaak of Davis LLP.
(b) The status of the membership categories to date are (maximum in
brackets):
(i) Accountants: 19 (30).
(ii) Chartered Life Underwriters: 13 (20).
(iii) Designated Others: 10 (20).
(iv) Financial Planners: 14 (20).
(v) Gift Planners: 15 (20).
(vi) Honorary Members: 4.
(vii) Lawyers: 29 (30).
(viii) Portfolio Managers: 13 (20).
(ix) Trust Company Representatives: 15 (20).
(x) Life Members (Annual Pay): 18.
(xi) Life Members (Monthly Pay): 36.
Total: 186 Members
7) Other Business
(a) June 5th Executive Committee meeting: Tim Brown to join us.
(b) June 5th Executive Committee meeting: to be held at the Cactus Club
Café at Coal Harbour.
CF to book
reservations
at Cactus
Club Café.
Possible Future Topics:
Trusts
Investment
 Delegation
 Trustee Compensation
 Trustee Removal & Replacement (tax
issues, attribution, change of control)
 Investments
 Powers of appointment
 Trust controlled private companies
 “The Entrepreneurial Trustee”
 Environment Hazards in Trusteeship
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Private corporations and shareholder
agreement (Fry v. Fry)
Modern portfolio theory
Pension changes - short snapper
(CPP/OAS)
Dean Daniel M. Shapiro – economic update
-4-
Law
Tax
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WESA
New Probate Rules
Mental capacity
Family law avoidance planning
Wills substitutes
Digital assets
Avoiding family law fiascos in family
estate freezes
US/Canada issues
Disability Benefit Plans
Disclaimers
Entrepreneurial Trustees
Use of Canadian tax treaties in estate planning
Taxation of investments: minimize the taxation of
investment income
 Maximizing tax credits when gifting by wills and
trusts
Adjournment
There being no further business, the meeting was adjourned at 12:15 p.m.
Calvin Fong, Secretary