MINUTES OF THE EXECUTIVE
COMMITTEE
Meeting held October 31, 2012
at
BMO Harris Private Banking
9th Floor, 595 Burrard Street
Vancouver, BC
PRESENT:
John Bathurst (JB)
Pamela J. Skinner (PJS)
Andrew MacKay (AM)
Pauline Savoy (PS)
Mary Lou Miles (MLM)
Calvin Fong (CF)
john.bathurst@bmo.com
pskinner@cga-bc.org
amackay@ahbl.ca
pauline.savoy@rbc.com
mlmiles@genuscap.com
Calvin_Fong@vancity.com
The meeting was called to order at 12:10 pm.
1) Last Executive Meeting
FOLLOW-UP
a) Review and approval of minutes of August 22, 2012.
Approved
2) Review of October 30th EPCV meeting
(a) Speaker: all felt Chris Ireland did a fine job presenting a challenging
topic. Good content and appropriate level for the meeting attendees.
(b) Food: was generally good.
(c) Attendance: 106 registered; 95 attending; 13 registered but did not
attend; 5 attended but did not register; and 1 guest attended but was
not registered.
(d) Parking: ticket dispenser was not activated by 5:15 pm to allow for
guest parking for attendees to join in at 5:30 pm.
AM to review
with Law
Courts Inn.
3) Preparation for November 27th EPCV meeting
(a) Head table attendees: David LePage, Michael Blatchford, Paul
Spelliscy, Kristin Helgason, Tim Brown, PJS, CF
(b) Gift cards for presenters: 2 X $50 gift card from Chapters.
(c) Welcome and registration table for CAGP: a separate table is needed
for CAGP attendees. CAGP should be reminded to have their
members register only once on their website and not to do so on the
CF to remind
CAGP of joint
meeting
matters.
-2EPCV website as a guest to avoid double registration. CAGP will
need to provide a cheque payable to EPCV for CAGP attendee fees
collected. A list of CAGP attendees will be needed from CAGP to
produce name labels prior to November 27th. Dietary restrictions of
CAGP attendees will also need to be provided. Lastly, the Chair of
the CAGP Greater Vancouver Roundtable should be prepared to say
a few words of welcome.
(d) Introduction of guest speakers: CF
4) Program for 2012/2013
.
(a) November 27, 2012: Michael Blatchford and David LePage on
“Social Enterprise: a complimentary strategy supporting community”.
No short snapper - words of welcome from Chair of the CAGP
Greater Vancouver Roundtable instead.
(b) January 29, 2013: Helmut Pastrick, Chief Economist for Central 1
Credit Union to provide an economic outlook with possible implication
on estate planning. Topic for a short snapper to be developed for
this meeting.
(c) February 26, 2013: Akane R. Suzuki of the Seattle, Washington law
firm of Garvey Schubert Barer presenting on “Practicalities of Dying
with U.S. Assets”. Topic for a short snapper to be developed for this
meeting – possibly planning tips for Canadians with U.S. assets?
(d) March 26, 2013: Tom Grozinger, Principal Trust Specialist at RBC
Estate and Trust Services’ Professional Practice Group on “Trustee
Investments in Hard Times (Legal and Administrative Issues). Topic
for a short snapper to be developed for this meeting.
(e) May 7, 2013: Anna Laing, Associate Counsel with Faskens
Martineau is presenting on “Family Law” issues and their impact on
estate planning. This is a joint meeting with the Canadian Bar
Association, BC Branch. Short snapper or not?
(f) June 4, 2013: Ruth E. Steverlynck of RES Consulting Group Inc. is
presenting on family businesses and the role of “Chief Emotional
Officer”.
5) Treasurer’s Report (PS)
(a) PS to ask MacKay LLP for a financial update.
(b) Tracking for 2012/2013 annual membership payments at same pace
as last year. October 31, 2012 is the deadline for the early bird
discount. There are a few new life members who will be transitioned
from regular membership status this year.
(c) HST Return – has it been prepared and filed? Any balance owing?
PS to enquire
with MacKay
LLP on HST
Return.
-36) Memberships (MLM)
(a) New members approved for entry:
(i) Lisa Finden of BMO Harris Private Banking in the
Trust Company Representative category.
(ii) Peter Martin of N.I. Cameron, Chartered Accountants
in the Designated Other category.
(iii) Heather MacLean of McLaren Trefanenko Inc.,
Certified General Accountants in the Accountant
category.
(iv) Litza Anderson of the Bank of Nova Scotia Trust
Company in the Trust Company Representative
category.
(v) Monique Trepanier of the Bank of Nova Scotia Trust
Company in the Trust Company Representative
category.
(b) Lisa Westermark, now the Executive Director with CHIMO Crisis
Services, returns as a member in the Gift Planner category after a
period of absence.
(c) Honorary members of the EPCV as permitted under Article 3, which
include the Dean of the UBC Law School, the Public Trustee for BC
and the B.C. Superintendent of Pensions, were discussed. JB
suggested that the president and CEO of the Vancouver Foundation
should be considered for honorary membership. Some discussion
ensued as to how best to inform these honorary members of their
status with EPCV.
(d) Members who are listed but are no longer active are to be removed
from the website. In addition, a clean-up should be completed of
those companies listed on the website with no corresponding
members.
(e) From the AGM, the motion to amend the Articles of Association was
approved. Changes to the Articles, including the application form for
membership and sponsors, are to be revised for the website.
PJS to table as
discussion at
next Executive
meeting.
CF to
coordinate with
Shelley
Freedman on
removal from
the website.
CF to advise
Shelley
Freedman of
those changes.
(f) The status of the membership categories to date are:
(i) Accountants: 11 openings.
(ii) Chartered Life Underwriters: 7 openings.
(iii) Designated Others: 9 openings.
(iv) Financial Planners: 5 openings.
(v) Gift Planners: 4 openings.
(vi) Lawyers: nil openings.
(vii) Portfolio Managers: 5 openings.
(viii) Trust Company Representatives: 5 openings.
7) Other Business
(a) A press release announcing the 2012/2013 Executive is to be
initiated. Headshots are required for the press release.
(b) Meeting venue change: the CBA has asked that we relocate the
PJS to
coordinate
headshots and
press release.
-4EPCV meetings to a new location as the Law Courts Inn is no longer
suitable for their use and would prefer to share a location that would
benefit both organizations.
Currently, the Law Courts Inn charges $38 per person for the dinner
meeting. In comparison, the Four Seasons Hotel would charge in the
neighbourhood of $56 per person for a dinner meeting.
Staying at the Law Courts Inn for EPCV meetings is traditional and
familiar to most EPCV members in addition to it being a good
financial deal for the EPCV.
It was decided to remain at the Law Courts Inn but we would
continue to be receptive to any further suggestions put forth by the
CBA on relocating to another location.
(c) Future Executive meeting dates:
i) November 28, 2012
ii) January 30, 2013
iii) February 27, 2013
iv) March 27, 2013
v) May 8, 2013
vi) June 5, 2013
d) Daniel M. Shapiro, Dean and Lohn Foundation Professor, Beedie
School of Business, Simon Fraser University, was suggested as a
future speaker by Doug Puffer. Dean Shapiro could present on the
topic of an economic outlook/update in 2014.
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

Law
Tax
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WESA
New Probate Rules
Mental capacity
Family law avoidance planning
Wills substitutes
Private corporations and shareholder
agreement (Fry v. Fry)
Modern portfolio theory
Demographics (Dr. Richard Loreto: (Bill Watt
suggestion) (June meeting)
Money motto (Franco)
Pension changes
(CPP/OAS)
Dean Daniel M. Shapiro – economic update
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US/Canada issues
Disability Benefit Plans
Disclaimers
Entrepreneurial Trustees
Use of Canadian tax treaties in estate planning
Adjournment
There being no further business, the meeting was adjourned at 1:45 p.m.
Calvin Fong, Secretary