Course Outline:

Income Tax T1

• 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

• RRSP, TFSA, RESP and RDSP

• Special provisions for seniors

• Medical expenses and disability

• Special provisions for students

• Marriage, separations, reconciliation, support payments

• Childcare expenses

Business Tax T2

• 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)

● Ability to speak, understand, and write in English (CLB6)

● Ability to use a computer with a stable internet connection.

CAD $750

Income Tax instructor

Sumaiya Najarali is a CPA, CA with over 7 years of professional experience in accounting, finance, and taxation. She holds both a bachelor's and master's degree in Accounting and has also served as a teaching assistant for related courses at the University of Waterloo.

Business Tax instructor

Zaimin Karmali is a CPA (Certified Public Accountant) and Microsoft Certified.  She has a Masters in Adult Education and is a Certified Training Development Professional. She has over 10 years of teaching in both the public and private sector designing her own curriculum and training strategy on complex accounting and business topics.  She has over 20 years of accounting, audit and tax experience and has worked with a wide array of clients both in the government and private sector. She has a passion for teaching and always will. She loves to make students’ learning journey as valuable as possible, her way of making a difference in the world.

Training model: online

Course length: 8 weeks, 40h

Schedule: Tuesdays and Thursdays (6-8:30pm)

Dates:

Income Tax T1 (February 4 - March 6, 2025)

Business Tax T2 (March 11 - March 27, 2025)