Corporate Tax-Compliance & Planning in T2 Preparation (OC)
A comprehensive review of income tax compliance and planning issues relevant to the preparation of Canadian corporate income tax returns, including the technical and practical issues arising from these diverse issues as a means of enhancing your ability to prepare and/or review complete, accurate corporate income tax returns.
Tax returns represent a major source of anxiety and confusion for most businesses…and even for some accounting professionals. To alleviate such stress, this seminar addresses the wide variety of issues encountered in the preparation of Canadian corporate income tax returns.
The seminar provides a comprehensive review of income tax compliance and planning issues relevant to the preparation of Canadian corporate income tax returns, including the technical and practical issues arising from these diverse issues as a means of enhancing your ability to prepare and/or review complete, accurate corporate income tax returns. The precise content of the seminar depends on class discussion, but you will receive reference materials on all topics.
The seminar identifies and addresses planning opportunities that arise in the preparation of corporate income tax returns. However, the seminar’s exploration of tax planning matters focuses on those that are, or can be, implemented during the preparation of tax returns, rather than broader tax planning (including owner-manager remuneration) undertaken on a proactive basis outside of year-end financial statement and tax return preparation. If you are seeking a more detailed review of other corporate tax planning issues you may wish to consider attending Corporate Tax - Review of Tax Planning or other seminars focused on specific tax planning topics of interest.
The seminar does not address 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 and not manual forms.
WHO WILL BENEFIT:
While most tax practitioners will gain significant insight from this seminar, the following groups of professionals stand to acquire the most benefit:
- Professionals seeking to build on their foundational or pre-certification knowledge of corporate tax issues
- Practitioners that require an understanding of issues that may arise in corporate tax return preparation
- Professionals seeking a refresher on corporate tax preparation matters
By the end of this course, participants will be able to:
- identify and evaluate issues impacting corporate income tax filings,
- analyze income tax issues for appropriate corporate tax reporting,
- assess tax planning alternatives arising while preparing corporate income tax returns, and
- assess the appropriateness of the results delivered by income tax software.
The seminar incorporates several areas related to the T2, including:
- Net income for tax purposes
- Asset transactions
- Taxable income
- Corporate relationships
- Federal corporate taxes
- Administration and disclosure
- Provincial issues
Although participants with corporate 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