Income Tax Courses

Income Tax Personal

T1 General 2013 - Income Tax and Benefit Return – Ontario Federal Worksheet

Federal Schedule

Schedule 1 - Federal Tax
Schedule 2 - Federal Amounts Transferred From Your Spouse or Common-law Partner
Schedule 3 - Capital Gains (or Losses) in 2013
Schedule 4 - Statement of Investment Income
Schedule 5 - Amounts for Spouse or Common-Law Partner and Dependents
Schedule 6 - Working Income Tax Benefit - Ontario
Schedule 7 - RRSP Unused Contributions, Transfers, and HBP or LLP Activities
Schedule 8 - CPP Contributions on Self-Employment and Other Earnings
Schedule 9 - Donations and Gifts
Schedule 11 - Tuition, Education, and Textbook Amounts
Schedule 13 - Employment Insurance Premiums on Self-Employment and Other Eligible Earnings

Provincial Forms

Information Sheet - Residents of Ontario
Provincial Worksheet - Ontario
Form ON428 - Ontario Tax
Form ON479 - Ontario Credits
Form ON-BEN - Application for the 2014 Ontario Trillium
Benefit and the Ontario Senior
Homeowners' Property Tax Grant
Schedule ON(S2) - Provincial Amounts Transferred From Your Spouse or Common-law Partner
Schedule ON(S11) - Provincial Tuition and Education Amounts
Schedule ON(S12) - Ontario Healthy Homes Renovation Tax Credit
And much more….

Income Tax : SELF-EMPLOYED/ SMALL BUSINESS

This course is focuses on the liability of income tax for individuals and small businesses.
The determination of net income for tax purposes, taxable income and tax payable will be examines in detail.

Rental Property Income

General Information
Calculating Rental Income or Loss using CRA’s prescribed form TT776 Statement of Real Estate Rentals
Capital Cost Allowance
Principal Residence

Capital Gains and Capital Losses

General Information
Capital Gains & Capital Losses – Schedule 3
Special Rules
Flow through Entries
Capital Losses
Principal Residence

Employment Expenses

Record keeping
Employees earning commission income
Employees earning a salary
Transportation employee – truck drivers
Employee working in forestry
Employed Articles
Employed trades person
Motor vehicle expense
Capital cost allowance and capital depreciation
Employee Goods and Services Tax/Harmonized Sales Tax (GST/HST)

Small Business & Professional Income

General Information
Income from Business or Professionals
Expenses
Capital Cost Allowance (CCA)
Eligible Capital Expenditure
Industry Codes

T2 Corporate Tax Preparation

This course serves as an introduction to the preparation of a corporate income tax return. This course is up to date for current T2 returns and contains all known changes to rates through to 2012. It includes case studies by chapter, introducing the students to variety of filing scenarios, and ends with a comprehensive case study, in which the student prepares an actual return using tax software.

Overview of Corporate Taxes (Federal & Provincial)

Schedule I
Schedule 2
Schedule 6
Schedule 8
Schedule 10
Schedule 13
Schedule 4 /4N
CRA T2 Tax Guide
Tax preparer registration
Tax Rates