Corporate Tax Planning - Income, Types of Income and Deductions

Note: This Live Virtual course is presented in collaboration with CPA Western Pronvinces. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca.

Note: This course was previously a part of Corporate Tax – Review of Tax Planning.

Overview: 

This course provides a refresher on corporate tax fundamentals and concepts related to income measurement, the calculation of taxes payable, and the treatment of more complex income and deduction items. You will explore the application of different tax rates to various types of corporate income, including active business income and investment income, as well as key considerations such as deduction limitations, capital cost allowance and immediate expensing, inducements, debt forgiveness, and integration. Emphasizing core principles throughout, the course is designed to enhance your understanding of how these concepts influence corporate tax outcomes and planning.

Course Content:

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

• Income measurement and deductions
  
• Key limitations
  
• Capital Cost Allowance and immediate expensing
  
• Inducements
  
• Interest and Financing Costs
  
• Capital Cost Allowance
  
• Terminal Losses
  
• Designated Immediate Expensing of Property
  
• Surrender/Seizure of Property
  
• Debt forgiveness
  
• Business Income
  
• Personal Services Business
  
• Specified investment business, corporate income, partnership income
  
• Small Business Deduction Reductions
  
• Components of and tax on Investment Income
  

NOTE: This course does not cover the preparation of corporate tax returns.

Learning Objectives: 

Upon completing this course, you should be able to:

• Understand the more complicated types of income and deductions that are allowable for corporate tax payers
  
• Calculate corporate taxes
  

Who Will Benefit:

• Practitioners focused on private‑company corporate tax who want a structured, practice‑oriented review.
  
• Professionals seeking to refresh core planning concepts across reorganizations, transactions, and owner‑manager matters.