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Hugo Patenaude

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About Hugo Patenaude

Me Hugo Patenaude is the founder of the firm PATENAUDE Taxation + Trust. Me Patenaude specializes in Canadian and cross-border tax and estate planning. He has over 24 years of experience in these areas, with experience primarily in Montreal’s leading accounting and law firms. Me Patenaude provides his clients with tax and business solutions in matters of trust, estate, Will and business succession. Through his mandates, he helps clients minimize their taxes and protect their assets. He also advises his clients on corporate reorganization and offers valuable strategies for buying, selling and transferring businesses. Over the years, he has developed a unique expertise in tax planning for individuals and corporations. His experience allows him to offer our clients exceptional custom solutions and innovative advice.

Everything should be made as simple as possible, but not simpler. — ALBERT EINSTEIN

Recognized as an expert by his peers, he is a sought-after speaker in his areas of expertise. He regularly gives lectures and has published several articles for various professional organizations. Me Patenaude has been a lecturer at the University of Sherbrooke for 11 years teaching a course on the taxation of trusts as part of the Master degree in taxation program. Since 2014, he lectures a course on the taxation of trust as part of the training program of the Association de planification fiscale et financière. Me Patenaude is a member of the Tax Technical Committee of the Society of Trust and Estate Practitioners since 2013.

Over the years, Me Patenaude was recognized as a leading practitioner in Canada in the area of Estate and Tax planning by the Canadian legal directory Lexpert (2013-2014) and in the Area of Private clients by Practical Law Company – Which Lawyer? (2008-2013) and by Who’s Who Legal (since 2016).

See his presentations' list

  • Speaker at the 2024 Annual Conference of the APFF: “Practitioner’s Update – Trusts”
  • Speaker at the APFF 2024 Colloque sur les fiducies: “Employee Ownership Trusts – Update”
  • Speaker at the APFF 2024 Summit on Business Transfer and Wealth Management: “Employee Ownership Trusts – Update”
  • Speaker at the 2023 Annual Conference of the APFF: “Employee Ownership Trusts”
  • Speaker at the APFF 2021 Colloque sur les fiducies: “Ownership of a residence through a trust”
  • Speaker at the 2020 Annual Conference of the APFF: “Indefeasible Vesting on the Eve of a Trust’s 21st anniversary”
  • Speaker at the APFF 2020 Colloque sur les fiducies: “Indefeasible Vesting on the Eve of a Trust’s 21st anniversary”
  • Panel on the July, 18 2017 Proposed Tax Changes Affecting Private Corporations, Speaker, Association de planification fiscale et financière, October 2017
  • Practicionners’ Update on trust and estate, Speaker, Association de planification fiscale et financière, October 2016
  • Update on Graduated Rate Estate, Speaker, Association de planification fiscale et financière, June and September 2016
  • How to Structure and Establish a Plan for a Financial Success, Speaker, Groupement des chefs d’entreprise du Québec, September 2015
  • New Tax Regime – Review Your Estate Plan, KPMG Entreprise, KPMG National Webcast, February 2015
  • Charitable Remainder Trust, Speaker, November 2014
  • Trust Law : Updates and Concepts, Speaker, October 2014
  • Testamentory Trust : Where Are We?, Speaker, Association de planification fiscale et financière, May 2014
  • Tax Update, Speaker, April 2014
  • Corporate Update and Investing Charitable Gifts – Understanding Your Legal Obligations, Speaker, February 2014
  • Trust’s Practical Concerns, Speaker, Seminar on trusts organized by the Association de planification fiscale et financière, February 2014
  • Trust’s Panel, Lecturer, Association de planification fiscale et financière, 2013 Convention, October 2013.
  • Business Succession, Corporate/Governance – Personal Tax Planning and Wealth Management, April 2013
  • Trusts, Speaker, Course in the Master degree in taxation of the University of Sherbrooke from 2001 to 2013
  • Review of the Civil and Tax Case Law on Trusts 2012, Co-Speaker, Seminar on trusts organized by the Association de planification fiscale et financière, October 2012
  • Review of the Civil and Tax Case Law on Trusts 2011, Co-Speaker, Seminar on trusts organized by the Association de planification fiscale et financière, February 2012
  • Associated Corporations in the Context of Trusts, Speaker, Sommet sur la gestion et la transmission du patrimoine (Summit on management and transmission of patrimony) organised by the Association de planification fiscale et financière, January 2012
  • CRA Audit on Trust and Agressive Trust Planning, Co-Speaker, CIDEL Provence Conference 2010, CIDEL Trust, September 2010
  • Limits to Discretionary Trust, Co-Speaker, CIDEL Provence Conference 2009, CIDEL Trust, September 2009
  • Self-Benefit Trust and Change in the Beneficial Ownership, Speaker, Insight Conference, September 2008
  • Asset Protection Trust, Lecturer, Association de planification fiscale et financière, May 2007
  • Successfully Transferring Your Business, Speaker, October 2006
  • Tax Planning in the Context of Business Succession, Lecturer, Association des avocats de provinces, L’orchestration du transfert de l’entreprise familiale, September 2006
  • Business Succession : Financial, Tax and Legal Aspects, Lecturer, Annual Convention of the Québec Bar, May 2006
  • Planned Giving, Lecturer, Canadian Cancer Society, November 2004
  • Persons Affiliated to a Trust : Practical Impacts, Lecturer, Association de planification fiscale et financière, 2004 Convention, October 2004
  • Trusts, Lecturer, Canada Revenue Agency, November 2003
  • Connection of a Trust with Taxpayers, Lecturer, Association de planification fiscale et financière, 2002 Convention, October 2002
  • Various legal and tax issues with trust, Lecturer, Association de planification fiscale et financière, 2001 Convention, October 2001
  • Pros and Cons of the Creation of a Trust, Lecturer, Canadian Institute, Fiducies locales et étrangères, May 2001
  • Practical Concerns of the Use of a Trust in an Estate Freeze, Lecturer, Chambre des notaires du Québec, Cours de perfectionnement du notariat, March 2001

See his publications' list

  • “Trust”, Continuing Education, serie 4, courses 30 et 31, Montréal, Association de planification fiscale et financière, July 2017, 182 pages
  • “Trust”, Continuing Education, serie 4, courses 30 et 31, Montréal, Association de planification fiscale et financière, July 2016, 176 pages
  • “Does Your Estate Plan Need a Checkup?”, KPMG Enterprise, National internal publication, 2016
  • “Tax Changes for Estates and Trusts – Act now”, KPMG Enterprise, National internal publication, 2016
  • “Trust”, Continuing Education, serie 4, courses 30 et 31, Montréal, Association de planification fiscale et financière, July 2015, 178 pages
  • “Trust”, Continuing Education, serie 4, courses 30 et 31, Montréal, Association de planification fiscale et financière, July 2014, 172 pages
  • “Transactions to Minimize the Tax Implications of the Twenty-One-Year Rule for Trusts”, Estate Planning Bulletin, April 2013
  • “Income-Splitting Loans”, Estate Planning Bulletin, April 2013
  • “The ABCs of Trusts”, Estate Planning Bulletin, April 2013
  • “New Tax Measures Relating to Trusts”, Tax Bulletin, April 2012
  • “CRA Target High Net Worth Individuals”, Trusts, Wills, Estates and Charities Bulletin, August 2011
  • “Transactions to Minimize the Tax Implications of the Twenty-One-Year Rule for Trusts”, Trusts, Wills, Estates and Charities Bulletin, April 2009
  • “Utilization and Preservation of Tax Losses”, Trusts, Wills, Estates and Charities Bulletin, April 2009
  • “Strategies for Successfully Transferring Your Business”, Fiche juridique, March 2007
  • “Québec Trusts: Government Amends Rules Retroactively”, Fall 2006

See his associations' memberships & affiliations

  • Member of the Society of Trust and Estate Practitioners
  • Member of the technical committee of the Canadian branch of the Society of Trust and Estate Practitioners since 2012
  • Member of the Association de planification fiscale et financière
  • Member of the Organizational Committee of the APFF’s Trust Seminar
  • Member of the Organizational Committee of the APFF’s Annual Conference
  • Member of the Canadian Tax Foundation
  • Member of the Montreal Trust Circle
  • Member of the Chambre des notaires du Québec
  • Member of the Canadian Bar Association
  • Lecturer, Association de planification fiscale et financière, « Trust », courses #31 and 32 since 2014
  • Lecturer, Université de Sherbrooke, Master degree in taxation program, 2001 to 2013
  • Lecturer, Canadian Institute of Chartered Accountants, “in-depth” tax course, parts 1 and 2, 1997 to 1999

See his awards and recognitions

  • Recognized among the world’s leading private client practioner by Who’s Who Legal: Private Client 2016 to 2020.
  • Recognized as a leading practitioner in Canada in the area of Estate and Personal Tax Planning by the 8TCanadian Legal Lexpert Directory 2013-2014
  • Recognized as a leading practitioner in Canada in the area of Private clients by Practical Law Company – Which Lawyer? from 2008 to 2013.

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