Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 

After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.

Click HERE for more information on Video-On-Demand courses.

OBJECTIVE:
Controllers in small to mid-sized private companies have a wide range of responsibilities which can either have an impact on taxation or require tax related reporting.  This two-day course is compliance oriented with high level review of a wide range of issues and focus on issue identification. The course includes a review of the basic income tax and HST/GST requirements for human resources, purchases, sales, capital assets and financing issues.  Also included is a high-level review of the basic rules for taxable income, corporate group issues, alternative entity structures and reporting requirements.  

GST/HST is covered at a basic level. Detailed GST/HST topics, industry specific material and provincial taxes are beyond the scope of this course

WHO WILL BENEFIT:
Accounting professionals whose responsibilities include income tax, GST/HST, and related compliance and reporting issues or practitioners who provide advice in these areas. Although the session focuses on privately held companies, many of the topics also apply to public companies.

LEARNING OBJECTIVES:
Topics included in this course include:

• Basic income tax and GST principles
• Human resources issues, including payroll compliance, benefits, and employees vs independent contractors
• Purchasing issues, including limitations on deductions, GST/HST and ITC credits, and purchases from non-residents
• Domestic sales issues, including GST/HST registration, reporting periods, place of supply, and bad debts
• Sales to non-residents, including export sales, GST/HST, Canada- U.S. Tax Treaty
• Automobiles, and issues for employees who require an automobile to perform their duties
• Capital assets and real property issues, including capital vs operating expenses, purchase issues, CCA, GST/HST issues, change of use, and dispositions
• Financing issues, including expenses in respect to equity, interest and debt, and leasing vs. purchasing
• Key items for CCPC income tax, including a basic review of key small business deduction issues, such as income tax filing requirements, due dates, and penalties
• Related group issues, including key income tax relationships that are related, associated, and affiliated; key GST/HST relationships that are closely connected and associated; shareholder agreements and related issues; and domestic transfer pricing
• Alternative structures, including corporations, partnerships, joint ventures, and trusts
• Other requirements, including GST returns, information returns, contractor reporting, and partnership returns as well as collections and offsets.