Income Tax: Starting Up a Business

Income Tax: Starting Up a Business
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.

NOTE: Course login details are normally sent to registrants within one week from date of registration.


Recorded: September 2021

Common traps and planning opportunities when starting a business will be discussed. Starting with an overview of forms of business, including pros and cons of each, the seminar will present structuring decisions for tax efficiency and to preserve access to losses. Planning opportunities in the start up phase and employee issues will also be addressed. 
This seminar is primarily focused on private companies.  It does not touch on provincial-specific regulations or non-tax issues that are relevant to private companies (ie. workers compensation rules, specific registration requirements, etc.

By the end of this course, participants will be able to:

  • Understand the basic forms in which a business can be carried on in Canada.
  • Understand the basic techniques for structuring a new business in a tax-efficient manner.
  • Understand the basic tax considerations for dealing with start-up losses.
  • Understand some basic tax planning opportunities that small businesses can consider.
  • Understand employee-related issues for new businesses.


Topics covered in this course include:

  • proprietorships, partnerships, and corporations
  • structuring for tax efficiency
  • structuring for investors
  • structuring decisions to preserve access to losses
  • planning opportunities
  • employee issues

General practitioners who are involved in advising clients that are starting new businesses.  Particular focus will be placed on fairly straightforward private company situations

CPD-3.5 Hours 

4/1/2022 - 3/31/2023 11:59 PM