Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will develop a practical, end‑to‑end understanding of Canadian personal tax return preparation, from residency and income characterization through credits, computations, administration, and provincial considerations. Participants will also learn to identify planning opportunities that commonly arise during T1 preparation and to validate tax software outputs.
Topics include:
- Liability for Canadian tax: residency determinations, taxable income scope, and administrative positions.
- Employment income: employment vs. self‑employment, taxable benefits and allowances, automobile benefits, stock options, and key deductions.
- Retirement and registered plans: OAS/CPP, RRSP/RRIF mechanics, pension splitting/divisions, HBP/LLP, and over‑contribution considerations.
- Property income and shareholder issues: dividends (eligible/non‑eligible), shareholder benefits/loans, interest accrual rules, and attribution.
- Capital gains/losses: ACB mechanics, deemed dispositions, principal residence exemption, QSBC/QFFP/other exemptions, and AMT touchpoints.
- Business income and deductions: general principles vs. specific limitations, CCA (including acceleration/expensing), automobiles, interest rules, and reserves.
- Other income/deductions & credits: support, moving, child care, medical, tuition, donations, disability, and key refundable/non‑refundable credits.
- Computation, administration, and provincial items: rates/credits, foreign tax relief, alternative minimum tax, filing/assessment/reassessment, penalties/interest, disclosure, and provincial variations.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- December 7, 2026, 8:30 a.m. - 12:30 p.m.
- December 8, 2026, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Identify and evaluate issues that impact personal income tax filings, including residency, source rules, and reporting requirements.
- Analyze income and deduction items across employment, business, property, capital transactions, and other common areas to determine appropriate T1 reporting.
- Assess planning alternatives available during return preparation and document the rationale for selected treatments.
- Validate the reasonableness of tax software results and reconcile them to underlying computations.
Who Will Benefit
Most tax practitioners will gain significant insight from this course with the following groups of professionals acquiring the most benefit:
- Professionals building on foundational knowledge who prepare or review T1 returns. Practitioners that require an understanding of issues that may arise in personal tax return preparation.
- Practitioners seeking a structured refresher on compliance with practical planning touchpoints.
Prerequisite(s)
- Foundational or precertification knowledge of Canadian personal taxation.
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Margaret Riggin, CPA, CA obtained her CA in 1980 and completed the CPA Canada In-Depth Tax program in 1984. She is a sole practitioner providing tax consulting services to small firms and sole practitioners. She has extensive experience with estates and will planning, corporate reorganizations, real estate, acquisitions and divestitures, and corporate and personal tax planning. Margaret has been a frequent instructor and lecturer for CPAO, teaches income tax law at York University, and is an accomplished author on various tax subject matters.