Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Small, growing, and mid-sized companies face a broad array of income tax, GST/HST and related compliance issues. The penalties or tax costs of failing to meet these compliance requirements can be severe. This course helps controllers of private companies stay current on a broad array of income tax, GST/HST and related compliance issues. It covers a range of topics at a general level with specific examples, case studies and practical problems.
Controllers in small to mid-sized private companies have a wide range of responsibilities which can either have an impact on taxation or require tax related reporting. This five-part course is compliance oriented with high level review of a wide range of issues and focus on issue identification. This course includes a review of the basic income tax and HST/GST requirements for human resources, purchases, sales, capital assets and financing issues. Also included is a high-level review of the basic rules for taxable income, basic corporate group issues, alternative entity structures and reporting requirements.
GST/HST is covered at a basic level. Detailed GST/HST topics and industry specific material are beyond the scope of this course. There is no provincial tax material included in the course.
Topics Include:
- Part 1: Overview
- Basic income tax and GST principles
- Overall reporting requirements and due dates
- Part 2: Human Resources Issues
- Payroll compliance
- Taxable benefits and allowances
- Employees vs independent contractors
- Part 3: Purchasing and Sales
- Purchasing issues, including limitations on deductions, GST/HST and ITC credits, and purchases from non-residents
- Domestic sales issues, including GST/HST registration, reporting periods, place of supply, and bad debts
- Sales to non-residents, including export sales, GST/HST, Canada- U.S. Tax Treaty
- Part 4: Capital Assets, Financing, and Automobiles
- Capital assets and real property issues, including capital vs operating expenses, purchase issues, CCA, GST/HST issues, change of use, and dispositions
- Financing issues, including expenses in respect to equity, interest and debt, and leasing vs. purchasing
- Automobiles, and issues for employees who require an automobile to perform their duties
- Part 5: Corporate Taxes, Related Groups, and Alternative Structures
- Basic items for CCPC income tax, including a basic review of key small business deduction issues, income tax filing requirements, due dates, and penalties
- Related group issues, including key income tax relationships that are related, associated, and affiliated; key GST/HST relationships that are closely connected and associated; shareholder agreements and related issues; and domestic transfer pricing
- Key GST/HST relationships that are closely connected and associated; shareholder agreements and related issues; and domestic transfer pricing
- Alternative structures, including corporations, partnerships, joint ventures, and trusts
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- August 7, 2025, 8:30 a.m. - 5:00 p.m.
- August 8, 2025, 8:30 a.m. - 5:00 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Identify the basic income tax and GST/HST compliance requirements for human resources, sales, and purchases.
- Describe the basic requirements for income tax deductibility and the entitlement to GST/HST input tax credits.
- Summarize the income tax and GST/HST considerations for capital asset additions and disposals including the related financing issues.
- Identify Income tax and GST/HST issues that may require additional research.
Who Will Benefit
This course is for accounting professionals working with Canadian Controlled Private Corporations whose responsibilities include income tax, GST/HST, and related compliance and reporting issues or practitioners who provide advice in these areas.
Prerequisite(s)
Basic income tax knowledge is required for this course.
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)
Joe Marchello, CPA, CA, CFP has over 20 years of accounting, tax and development experience. A highly motivated individual with impeccable judgement and an innate ability to solve financial and accounting problems. Joe obtained his designation specializing in accounting and tax. Accordingly, he then transitioned to project management and residential development with two major GTA developers involved in many major commercial and residential properties across the GTA. He’s an active member of the Chartered Accountants of Ontario and a Certified Financial Planner and has been quoted in various Ontario newspaper articles about Tax, Accounting, Real Estate Development, Fraud and Ethics. Other accomplishments in Joe’s career were equally impactful and included being a leader responsible for Accounting Operations of Tridel, a renowned vertically integrated multifamily residential developer in the GTA. Along with being an active seminar leader in tax, accounting and real estate for Horwath Orenstein (now know as MNP), CPA Ontario, CPA BC and CPA New Brunswick.