Personal Tax - Compliance & Planning in T1 Preparation (OC)

A wide variety of issues are encountered in the preparation of Canadian personal income tax returns.  The seminar addresses technical and practical issues arising from these diverse issues, to better prepare the participant to prepare and/or review personal income tax returns.

OBJECTIVE:
A wide variety of issues are encountered in the preparation of Canadian personal income tax returns.  The seminar addresses technical and practical issues arising from these diverse issues, to better prepare the participant to prepare and/or review personal income tax returns. Participants will gain an overall understanding of tax compliance issues, enhancing their ability to prepare complete and accurate tax returns, and to identify and address planning opportunities which arise in the preparation of personal income tax returns.

Few things cause people more anxiety than income tax. In fact, many accountants even experience challenges in negotiating the slippery slopes of income tax preparation. The seminar provides participants with a broad overview of income tax issues that can impact taxpayers filing their personal returns. Specifically, the seminar presents a comprehensive review of income tax compliance and planning issues relevant to the preparation of Canadian personal income tax returns. 

The seminar addresses technical and practical issues arising from these diverse issues as a means of enhancing your ability to prepare and/or review complete, accurate personal income tax returns. The precise content of the seminar depends on class discussion, but attendees will receive reference materials on all topics. In addition, the seminar identifies and addresses planning opportunities that arise in the preparation of personal income tax returns. However, the seminar’s exploration of tax planning matters focuses on those that can be implemented while preparing the tax returns rather than broader tax planning undertaken on a more proactive basis

If you are seeking a more detailed review of other personal tax planning issues, you may wish to attend Personal Tax - Review of Tax Planning or other seminars focused on specific tax planning issues of interest.

Furthermore, the seminar excludes discussion about the completion of specific tax return forms due to the constant evolution of these forms and the practical reality that tax returns are virtually always prepared by professionals using computer software.

WHO WILL BENEFIT:
Several groups of professionals will benefit from this session, including:

  • Professionals seeking to build on their foundational or pre-certification knowledge of personal tax issues 
  • Practitioners that require an understanding of issues that may arise in personal tax return preparation
  • Professionals seeking a refresher on personal tax preparation matters 

LEARNING OUTCOMES:
By the end of this seminar, participants will be able to: 

  • identify and evaluate issues impacting personal income tax filings,
  • analyze income tax issues for appropriate personal tax reporting,
  • assess tax planning alternatives arising while preparing personal income tax returns, and
  • assess the appropriateness of the results delivered by income tax software.

CONTENT:

  •  Liability for tax
  • Employment income
  • Retirement income
  • Property income 
  • Business income 
  • Capital gains and losses
  • Other income and deductions
  • Personal tax credits
  • Computation of tax
  • Administration and disclosure
  • Provincial issues

PREREQUISITES:
Although participants with personal tax preparation experience will benefit from this seminar, no specific knowledge or experience is required beyond foundational/pre-certification tax knowledge. 

COURSE LEADER: HUGH NEILSON, FCPA, FCA, TEP


 

When
1/10/2022 8:30 AM - 4:30 PM
Canada Central Standard Time
Where
Online Course

Personal Passport Eligibility

Corporate Passport Eligibility

 

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