Here is the background information on your task KCJ Sporting Goods Ltd. (KCJ) is headquartered in Vancouver, British Columbia, and has five retail "mega-stores" in provinces across Canada. It is a leader in the retail sporting goods industry. Customers can shop at KCJ retail stores, order online from their website, and have the goods shipped directly to them or picked up at any KCJ retail store. They are rapidly growing, and recently incorporated a U.S. subsidiary, an Ohio corporation, and will begin opening U.S. stores as well. In order to successfully expand in the United States, KCJ needs to supply inventory, both from existing stock in their Canadian warehouse as well as by acquiring new inventory directly in the United States. The U.S. subsidiary (corporation) will be wholly owned directly by KCJ. To purchase the new inventory, the Canadian parent may need to loan funds to the U.S. subsidiary to make the purchases. Finally, the CEO of KCJ is a Canadian resident, but may need to devote substantial time to U.S. operations and may acquire a second residence there. She would like to understand the personal tax implications if she keeps or potentially sells her existing Canadian residence (which may generate a substantial gain for Canadian tax purposes).

Using the sample template provided, create a short 2-3 item agenda of tax issues relating to KCJ for the upcoming meeting with the tax partner that showcases the following: - What other groups should we consult with for this engagement within KPMG? - Why are we inviting those tax teams to share opinions? Working cross-functionally is crucial to successfully supporting KPMG in Canada's clients. You should review the "KPMG Tax Service Lines Overview" which briefly describes other KPMG Tax service lines to help you generate ideas and understand how you'll need to manage KCJ. If you would like additional information on each service line, there is a link to the "KPMG Tax Website" in the Resources section. As a reminder, it is not necessary to provide technical answers at this point - you should simply identify issues for the agenda. Once you have completed your agenda using the template, upload your document below. Estimated time for task completion: 1 hour, depending on your learning style