Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This is a comprehensive course that is divided into two main components. The first component will allow the participants to learn about Canadian corporate tax including key planning topics such as owner-manager remuneration, shareholder appropriations, loans, corporate relationships, and their implications. The second component will allow the participants to practice a real-life case on software to apply the knowledge. We will use CCH Tax prep to illustrate the schedules, but after the training you will be able to apply the learning to any other tax software.
Schedule
- March 10, 2025, 8:30 a.m. - 12:30 p.m.
- March 11, 2025, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should understand:
- Taxation system in Canada including the 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, phase-out, corporate income, and partnership income rules.
- Corporation relationships (associated, related, connected, affiliated).
- Part I, 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).
- Understanding paid-up capital (PUC) and adjusted cost base (ACB).
- Shareholder loan rules and shareholder appropriations.
- Common adjustments to compute net income for tax purposes and taxable income.
- Type of losses for tax purposes (non-capital losses, capital losses, ABIL).
- How to practically complete a real-life case on software.
- Administrative rules for the corporations.
Who Will Benefit
This course will benefit tax practitioners, owner-managers, finance & accounting executives, and bookkeepers.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Haroon Khan is an experienced tax professional, having served over 14 years at the world’s leading accounting firms, including the Big 4, as Senior Tax Manager and Tax Partner. Haroon obtained his Bachelor of Business Administration degree from the University of Toronto before qualifying as a CPA, CA in Canada and as a U.S. CPA in the State of Illinois. He has also completed all three parts of CPA Canada’s In-Depth Tax Program.