Canadian Corporate Tax with Practical Software Training

$199.99

Canadian Corporate Tax with Practical Software Training

Course
24 Lessons

APPROVED CPD HOURS: 7

Upon completing this course, you should be able to understand the:

•Taxation system in Canada

•Acronyms and terms used in Canadian tax

•Type of businesses entities, benefits of incorporation, requirements to file a t2 return (resident and non-resident corporations), corporate residency determination rules

•Types of corporations for tax purposes, tax rates, personal services business, specified investment business, ABI, small business deduction and phase-out, specified corporate income, specified partnership income rules

•Part I tax, Part IV tax, refundable dividend tax on hand (ERDTOH & NERDTOH), dividend refund rules

•Shareholder compensation strategy – salary, eligible dividends, non-eligible dividends, capital dividend account, part III & III.1 tax, tax on split income (TOSI)

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Participant Guide & Practise Case

Participant guide.pdf

Practical case - ABC Incorporated.pdf

Corporate Tax Prep.pptx

1. Introduction, learning objectives, agenda.mp4

Module 1

Taxation system in Canada

Module 1 - Taxation system in Canada.mp4

Module 2

Acronyms and terms in Canadian Tax

Module 2 - Acronyms and terms in Canadian tax.mp4

Module 3

Tax returns for businesses, incorporation decision, requirement to file a t2 return (resident and non-resident corporations), residency of corporation

Module 3 - Type of businesses entities, why incorporate, requirements to file a t2 return (resident and non-resident corporations), corporate residency determinati.mp4

Module 4

Types of corporations for tax purposes, tax rates, personal services business, specified investment business, ABI, small business deduction and phase-out, specified corporate income, specified partnership income

Module 4 - Types of corporations for tax purposes, tax rates, personal services business, specified investment business, ABI, small business deduction and phase-ou.mp4

Module 5

Part I tax, Part IV tax, refundable dividend tax on hand (ERDTOH & NERDTOH), dividend refund, practice problem

Module 5 - Part I tax, Part IV tax, refundable dividend tax on hand (ERDTOH & NERDTOH), dividend refund, practice problem.mp4

Module 6

Shareholder compensation – salary, eligible dividends, non-eligible dividends, capital dividend account, part III & III.1 tax, Tax on split income (TOSI)

Module 6 -Shareholder compensation – salary, eligible dividends, non-eligible dividends, capital dividend account, part III & III.1 tax, Tax on split income (TOSI).mp4

Module 7

Understanding paid-up capital (PUC) and adjusted cost base (ACB)

Module 7 - Understanding paid-up capital (PUC) and adjusted cost base (ACB).mp4

Module 8

Shareholder loan rules and shareholder appropriations

Module 8 - Shareholder loan rules and shareholder appropriations.mp4

Module 9

Net income and taxable income for tax purposes – common adjustments, types of losses (non-capital, capital, ABIL)

Module 9 - Income or loss from a business,.mp4

Module 10

Practical case – ABC incorporated

1. Navigating the ABC incorporated case.mp4

2. Downloading software and walkthrough of the software.mp4

3. Identification page.mp4

4. Entering the financial information - income statement, balance sheet, notes checklist, opening balance sheet - Part 2 Part 1.mp4

5. Entering the financial information - income statement, balance sheet, notes checklist, opening balance sheet - Part 2.mp4

6. Schedule 1, 2, 6, 8, 13s.mp4

7. Elections, schedule 3, Part IV tax.mp4

8. Schedule 7, 24, 50, 53, 55, 89, 524 and final review of Jacket.mp4

9. Diagnostics, schedule 4, 9, 23, printing.mp4

10. Practical tips.mp4

Module 11

Administrative matters

Module 11 - Administrative matters.mp4

About the Instructor

Haroon Khan, CPA, CA (Canada), CPA (Illinois, USA)

Haroon Khan is a seasoned tax professional with over 15 years of experience, having held positions at leading accounting firms, including the Big 4, where he served as a Senior Tax Manager and Tax Partner. Currently, he serves as a tax partner in Toronto, specializing in CCPCs and private and public corporations, with expertise in cross-border U.S./Canadian tax. In addition to his corporate roles, he has supported many fellow CPAs by sharing his expertise in tax and accounting through educational initiatives such as htkacademy.com and cpdhours.com. He is also actively instructing various professional organizations, including the CPA Canada In-Depth Tax Program, CPA Canada Professional Education Program, and CPA Ontario Professional Development Program. Furthermore, he teaches MBA and BBA students at the Schulich School of Business. In recognition of his contributions to both the profession and society, he was acknowledged as a 2023 CPA Ontario Emerging Leader.