This two-day refresher seminar in personal tax is designed for those who desire to update and refresh their knowledge in both technical and tax planning issues for individuals, trusts and partnerships. Although the taxation for trust and partnerships is reviewed, the primary focus is on the taxation of individuals. At the end of the two days, participants will have a good knowledge of the tax provisions that impact individuals, partnerships and trusts. The detailed reference materials covering a broad range of income tax topics, will be an invaluable reference in the future.
By the end of this course, participants will be able to identify changes to the personal tax laws over the year and refresh their knowledge on a wide range of tax provisions impacting individuals, trust and partnerships that may have been forgotten over the years. An overview of the research materials available for use in answering tax related issue will provide you with the tools to answer client questions. Participants will work through case studies covering a wide range of personal tax issues, collaborate with their peers and have an opportunity to share issues that have been impacting their clients.
How to research a tax issue
Determination of residency
Liability for taxes in Canada
Benefits and related deductions
Calculations of the various sources of investments income
Taxation of capital gains
Capital losses and the impact of the stop loss rules
Allowable business investment losses
Registered retirement pension plans
Individual pension plans
Deferred plans such as TFSA, RESP and RDSP
Rental and farm income
Treatment of shareholder loans
Various deductions from net income such as the capital gains exemption
Calculation of taxes payable, including discussions on tax credits
Taxation of partnerships
Death of a taxpayer
Taxation of family trusts
WHO WILL BENEFIT?
Those involved in personal tax matters who wish to expand or refresh their knowledge in the area of personal tax.
Time: 9:30pm - 6:00pm
Passport - 2 Days
CPD Hours - 14