Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides a high-level refresher on the calculation of taxable income, focusing on key income and deduction categories that commonly affect individuals. Participants will gain an overview of important distinctions, such as business versus property income, and explore considerations related to rental and farming activities, shareholder transactions, and interest deductibility. The course emphasizes core concepts to support a clearer understanding of how these elements influence overall tax outcomes.
Topics include:
- Income from business;
- Business vs. property distinctions;
- Business vs. capital gains;
- Business/Property loss versus personal or living expenses;
- Interest expense;
- Restrictive covenants;
- Shareholder transactions;
- Rental Income
- Calculation of Farming/Fishing income;
- Loan & shareholder issues;
- Family & support payments
- Income inclusions: annuities; social assistance/WCB; employment insurance; scholarships; research grants; prizes; indirect payments; transferred income rights ;
- Deductions & credits: moving expenses; legal/pension/retiring allowance expenses; disability supports; CPP/QPP (self-employed); stock option deduction; northern residents deduction ;
- Loss utilization: use of losses; tax planning for losses;
- Please note that this course does not review the detailed preparation of a personal tax return.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal. You can also access your course through the Blackboard Learn app (iOS or Android).
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Key Takeaways
By the end of this course, participants should be able to:
- Calculate taxable income and explain key drivers across common income and deduction categories.
Who Will Benefit
- Professionals involved in personal tax who want a structured refresher on planning concepts.
- Practitioners supporting individuals, family trusts, and owner‑managers seeking up‑to‑date, practical guidance.
Prerequisite(s)
- Personal Tax: Compliance and Planning in T1 Preparation or equivalent experience preparing personal returns.
- Recent hands‑on exposure to personal tax planning.
How to Access the Course
To access your course in Blackboard, please follow these steps:
- Go to https://pdlms.cpaontario.ca
- Select ‘Ontario’ from login menu
- Sign in using the same login credentials used to register for the course
- Navigate to your course to access the content
Important: Your course access time begins on the date of purchase and remains available for the duration noted above. Please note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.