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 the Canadian tax system, from understanding its fundamentals and residency criteria to mastering client onboarding and CRA interactions. Dive deep into income sources, deductions, and tax credits for the 2024 tax year. The second component will develop practical skills in preparing individual tax returns using industry-standard software.
Topics Include:
- Fundamentals of the Canadian Tax System
- The Client Onboarding Process for CRA
- Sources of Income and Tax Implications
- Employment Income Calculations and Deductions
- Stock Options and Home Office Deductions
- Investment Income and Deductions
- Capital Gains and Losses
- Rental Income Reporting.
- Analyze Non-Incorporated Businesses
- Pension Income Treatment.
- Taxable Income Deductions for 2024
- Tax Credits for 202
- Tax Return Completion Tips
- Principal Residence Disposition
Schedule
- October 6, 2025, 8:30 a.m. - 12:30 p.m.
- October 7, 2025, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of the course, you will be able to:
- Explain the fundamentals of the Canadian tax system, including its structure and key principles. Analyze the criteria for determining tax residency in Canada.
- Provide a detailed discussion on the computation of employment income, including an in-depth review of applicable income and deduction rules.
- Explain the rules related to stock options and their deductions, as well as the guidelines for claiming home office expense deductions from employment income.
- Provide a comprehensive overview of reporting rental income (T776) and its connection to underused housing tax rules.
- Analyze non-incorporated businesses, such as sole proprietorships and partnerships, and guide on completing Schedule 2125 – Statement of Business or Professional Activities.
- Offer practical tips for ensuring the correct completion of tax returns, including the importance of a year-over-year review.
- Explain the rules governing the disposition of a principal residence and the consequences of not reporting it on time.
- Provide hands-on training for preparing a comprehensive individual tax return using tax preparation software.
Who Will Benefit
This course will benefit tax practitioners and all Canadians who are required to file their individual tax returns.
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.