Business Studies
Taxation Corporate Tax & Personal Income Tax Returns
Course Outline
Upon completion of this course you will be able to answer questions and solve problems involved in preparation of tax returns for businesses and individuals. The course covers the submission procedure, types of taxable income; deductions and exemptions, marital and citizenship status and RRSPs as well as taxation at federal, provincial and extraterritorial levels. The course covers essential knowledge used daily, on the job, by tax accountants and consultants. This is a single stream course consisting of two parts. Each part contains different number of lessons as well as examinations.
Topics of study covered within this course include the following:
- The Basic Rules of Canadian Income Taxation
- Income Tax Returns, Payments, Refunds, Assessments, Appeals, Rulings
- Employment Income and Deductions
- Investment Income
- Capital Gains and Losses
- Rental Income and Undeveloped Land
- Business and Professional Income
- Capital Cost Allowance
- Other Income
- Other Deductions
- Personal Amount Credits
- Medical Expenses, Charitable Donations, and Adoption Expenses
- Tax Credits for Pension Income, CPP/QPP Contributions, EI Premiums
- How to Calculate Your Federal Tax
- How to Calculate Your Provincial Tax
- Quebec Income Tax
- Farming and Fishing
- Partnerships
- Final Returns of Deceased Taxpayers
- Non-Residents
- Immigrants and Emigrants, U.S. Citizens in Canada
- Oil and Gas and Mining Operations
- Divorce and Separation
- Alternative Minimum Tax
- Tax Planning Ideas
- Registered Retirement Savings Plans
Duration
Approximately 20 hours per part
Text Books
The text books required for this course are outlined below and can be purchased directly through any online book supplier:
ISBN#: 978-1-55367-978-3
ISBN#: 978-1-55367-980-6
Prerequisites
None
Cost
$499 per part (This course consists of 2 parts)