Corporate Tax - Compliance and Planning In T2 Preparation

Overview:

A wide variety of issues are encountered in the preparation of Canadian corporate income tax returns.  This course addresses technical and practical issues arising from these diverse issues, to better prepare the participant to prepare and/or review corporate income tax returns. You will gain an overall understanding of tax compliance issues, enhancing your ability to prepare complete and accurate tax returns and to identify and address planning opportunities which arise in the preparation of corporate income tax returns.

Tax returns represent a major source of anxiety and confusion for most businesses. In fact, many accountants even experience challenges in negotiating the slippery slopes of income tax preparation. To alleviate such stress, this course addresses the wide variety of issues encountered in the preparation of Canadian corporate income tax returns. You will obtain a broad overview of income tax issues that can impact taxpayers filing corporate returns.

This course provides a comprehensive review of income tax compliance and planning issues relevant to the preparation of Canadian corporate income tax returns, including the technical and practical issues arising from these diverse issues as a means of enhancing your ability to prepare and/or review complete, accurate corporate income tax returns. The precise content of the course depends on class discussion, but you will receive reference materials on all topics.

In addition, the course identifies and addresses planning opportunities that arise in the preparation of corporate income tax returns. However, the course’s exploration of tax planning matters focuses on those that are, or can be, implemented during the preparation of tax returns, rather than broader tax planning (including owner-manager remuneration) undertaken on a proactive basis outside of year-end financial statement and tax return preparation.

If you are seeking a more detailed review of other corporate tax planning issues you may wish to consider attending Corporate Tax - Review of Tax Planning or other courses focused on specific tax planning topics of interest.

Furthermore, this course excludes discussion about the completion of specific tax return forms due to the constant evolution of these forms and the practical reality that tax returns are virtually always prepared by professionals using computer software.

Course Content:

In this course, you will gain knowledge about the following topics: 

• Net income for tax purposes
• Asset transactions
• Taxable income
• Corporate relationships
• Federal corporate taxes
• Administration and disclosure
• Provincial issues 

Learning Objectives:

Upon completing this course, you should be able to: 

• Identify and evaluate issues impacting corporate income tax filings
• Analyze income tax issues for appropriate corporate tax reporting
• Assess tax planning alternatives arising in the course of preparing corporate income tax returns
• Assess the appropriateness of the results delivered by income tax software 

Who Will Benefit: 

While most tax practitioners will gain significant insight from this course, the following groups of professionals stand to acquire the most benefit: 

• Professionals seeking to build on their foundational or pre-certification knowledge of corporate tax issues
• Practitioners that require an understanding of issues that may arise in corporate tax return preparation
• Professionals seeking a refresher on corporate tax preparation matters