Advanced Income Tax Training
Individual Income Tax – Select Advanced Training course is designed based on continuous feedback from other tax preparers. The participants get an opportunity to take go through some common, but oftentimes, complex areas. Tax preparers who are already in practice can take advantage to start adding clients they may otherwise have to refer to someone else.
course details
Course Delivery |
In-Person & face-to-face |
Course Trainer |
Maroof H. Sabriel, CPA, CA. |
Duration and Dates |
October 21st, 2023. 5 weeks with 2-3 hrs sessions each Saturday. The total number of in-person hours is 10hrs. |
Location |
202-1200 Bay Street, Downtown Toronto ON M5R 2A5*. |
Course Fee |
$2,000/- + HST. Please use your promo or discount codes at check out. |
Who should attend?
Tax preparers who are already practicing and looking to enhance their skills in certain areas, or looking to expand the practice to target a little bit more complex individual tax returns.
The knowledge of Canadian personal taxes and the tax return preparation process is critical to take advantage of this training. If you are not sure, or have questions, please get in touch before registering.
Key Topics and Areas
Individual Income Tax – Select Advanced Training course has below key topics and areas:
- A detailed review of issues involving Principal residence exemption in Canada and Change of use.
- Emerging areas of crypto assets and their taxation
- Tax residency in Canada. A detailed training session on how to determine the tax residency of an individual taxpayer in Canada. How to distinguish between different residency statuses such as factual resident, deemed resident, deemed non-resident and nonresident. How Canada’s tax treaties with other countries override the otherwise Canadian determination of residence status of a taxpayer.
- Canadian taxation of non-residents, immigrants and emigrants. Important tax planning for immigration and emigration including departure tax. Section 216 & Section 217 tax returns.
- Taxation of worldwide income of Canadian resident taxpayers. Reporting foreign income in Canada, foreign tax deductions and credits. Avoiding double taxation using tax treaties and finally foreign assets reporting in Canada.
- Canadian taxpayers with income from the United States. Taxation of Dual-citizens and residents (Canadian side, with occasional reference to U.S. taxation). An overview of the Canada-U.S. tax treaty and a deeper look into selected articles.
- Mock tax returns for the areas mentioned above. Scaling up the tax practice, proper pricing of services and some other valuable tips.
