Course Overview

The Course in Income Tax Preparation Level 1 and Business and Corporate Income Tax Preparation combines the personal and business tax courses and teaches basic to advanced skills for students to help both individuals and businesses to fulfill their tax obligations honestly and in a timely manner. The Program will prepare students for accurate completion of personal tax and business returns using current tax software. The course will provide opportunities to master the new Canada Revenue Agency (CRA) technologies that are significantly challenging to the individuals and businesses.

  • Introduction to Canadian Income tax
  • Employment income, deductions and credits
  • Employment expenses, moving expenses
  • Nonrefundable and refundable credits
  • Investment income – interest, dividend and capital gains
  • Social benefits – CPP, EI, working income tax benefits
  • Special provisions for seniors
  • Medical expenses and disability
  • Special provisions for students
  • Marriage, separations, reconciliation, support payments
  • Childcare expenses
  • Business income 
  • Business activities
  • Business structures
  • Payroll obligations
  • Form T2125 – income and expenses
  • Capital properties
  • Reasonable Expectation of profit: Business, Rental and Professional
  • Professional, royalty as business income, entertainers
  • Allocation of income to Two or More provinces
  • Business losses, Rental losses, Business Investment losses
  • Partnership
  • Corporations – T2 returns
  • GST/HST returns
  • Corporate E-File, GIFI, RSI
  • Alternative Minimum Tax (AMT)
  • Use the recognized tax software, UFILE

Prerequisite: Knowledge of Microsoft windows and intermediate level of English

About the Instructor: 

Jason is a qualified CA, CPA, CISA, CSC with 20 plus years of experience in Accounting, Auditing, Finance and Taxation. He has helped a large number of clients in their Canadian and US taxation matters and their financial planning. He is an excellent communicator and has more than 10 years of experience in teaching taxation, financial management, operations management in colleges and universities. He is the most liked faculty among the students. He is driven to inspire students to pursue academic and personal excellence. He constantly strives to create a challenging and engaging learning environment for students to become life-long scholars and learners. He has an exceptional record of research success with multiple published blogs. He believes that ‘Education is our passport to the future, for tomorrow belongs to the people who prepare for it today’.

Next Session TBA, contact to enquire

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