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The Aircraft Luxury Tax, Tips for buyers and sellers
The hour-long webinar will be presented by Steven Sitcoff, a Partner with McMillan LLP, who specializes in aviation and tax law. He is arguably Canada’s leading expert on the new legislation levying tax on the sale and import of select luxury items, including aircraft with a value greater than $100,000.

Sitcoff will discuss the major issues you or your company should be aware from the main components to some of the lesser known but crucial structures of the tax for current and future investments.

The May 16 Webinar is brought to you free of charge by Skyservice Business Aviation, with its President and CEO Benjamin Murray also provided opening remarks shortly after 1:00 pm EST to describe how the Luxury Tax impacts their business and the aviation sector. Murray will then join Sitcoff for a Q&A period after the main presentation.

May 16, 2023 01:00 PM in Eastern Time (US and Canada)

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Speakers

Steven Sitcoff
Partner - specializing in tax, business and aviation law @McMillian LLP
Steven Sitcoff is a highly experienced lawyer with a practice that is focused on providing domestic and international corporations with proactive and practical tax planning solutions to assist them to further their business objectives. Steven has a unique combined expertise in private aviation and taxation matters, and he is a leading expert on the Canadian federal luxury tax. Steven is frequently consulted by aircraft owners, aircraft manufacturers and dealers, aircraft finance firms, and aircraft management firms on matters including tax-efficient acquisition structures for aircraft, aircraft-related tax audits, and reviewing existing structures for tax risk. Steven is a frequent speaker and writer on tax matters for aircraft owners. Steven is called to the Bars of both Quebec and Ontario, and he is a partner with the national law firm McMillan LLP.
Benjamin J. Murray
President and Chief Executive Officer @Skyservice Business Aviation
Benjamin Murray is a recognized thought leader and business aviation visionary with a track record of creating market-leading companies. Prior to becoming the CEO and an investment partner at Skyservice in 2020, Murray spent more than a decade at NetJets (a Berkshire Hathaway company), where he held the president & chief operating officer position and also served as president & chief executive officer of Executive Jet Management, a fully owned subsidiary of NetJets. In that position, he doubled the company’s profitability by enhancing the breadth and quality of its aircraft management, charter, and MRO services and strengthening its market position. Murray also served as president for Landmark Aviation (a Carlyle-owned company), where he built the company into the second-largest FBO, MRO and aircraft management company in the United States before positioning it for a $2B sale to BBA Aviation (Signature) Flight Support) in 2016.

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