Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Investment income is a common item on income tax returns but the complexity of available types of investments and their taxation is ever expanding. Determining the amount to report and how exactly to report it is getting more complex as banks and online brokerages make it easier for investors to access more complicated investment products. The recent explosion in cryptocurrency investing also leads to questions on how to report complicated transactions which typically are not reported to the investor in a user-friendly manner. This course will help clarify how to calculate and report complicated investment income and dispositions from a variety of investments.
Investment income reported to investors on T-slips and gain/loss reports received from brokers are familiar; however, these don’t always contain the information we need to properly report these items on a tax return. In trying to characterize investment income correctly we come across issues such as income vs capital and when in fact income or a gain has been realized for income tax purposes.
This course will review the basic concepts of income vs capital and timing of income/gain recognition and apply them to investment products currently in the market, including put/call options, other derivatives and cryptocurrency. How these items are typically reported by brokers to investors, and whether that information is appropriate for income tax purposes will also be discussed.
Topics Include:
- Income vs capital
- Timing of income/gain recognition
- Foreign currency transactions
- Transactions involving options
- Cryptocurrency
NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants will be able to:
- Analyze income vs capital issues.
- Understand income recognition timing issues.
- Short sales.
- Properly report transactions involving option writing.
- Understand the basics of reporting foreign currency transactions.
- Understand issues involving cryptocurrency.
- Report transactions with other common investments.
Who Will Benefit
Practitioners or financial executives who must calculate and report investment income for income tax purposes.
Prerequisite(s)
Participants should have moderate or intermediate knowledge of the variety of investment products currently available, but not necessarily the related income tax rules. This course is not a basic course and more time will be weighted to more complicated investment products.
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)
Michelle Causton, FCPA, FCGA, MBA is a professional speaker, educator and trainer. Her goal is to help individuals achieve personal success by strengthening both technical and communication skills. Michelle uses a practical approach gained from many years of experience in public practice and teaching at the post-secondary level. She is a member of the Canadian Association of Professional Speakers (CAPS).