Personal Tax Planning - Employment Income & Registered Plans

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 Personal Tax – Review of Tax Planning.

Overview: 

This course provides a focused refresher on personal tax planning, emphasizing employment income and the strategic use of tax-deferred savings vehicles. You will strengthen your understanding of key areas such as taxable benefits, common deductions, and planning opportunities related to registered plans including RRSPs, TFSAs, RESPs, RDSPs, and FHSAs. Through practical examples and applied discussions, the course highlights current rules and anti-avoidance considerations to help translate technical concepts into effective, real-world planning strategies for individuals and owner-managed contexts.

Course Content:

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

• Employee vs self-employed
  
• Employment income planning
  
• Taxable and non-taxable benefits
  
• Taxation of allowances, automobile benefits
  
• Employee loans
  
• Stock option issues 
  
• Deductions from employment income
  
• Registered plans and savings, RRSP/RRIF, spousal RRSP, TFSA, RESP, RDSP, FHSA, HBP/LLP mechanics, and anti‑avoidance highlights

NOTE: This course does not review the detailed preparation of a personal tax return.

Learning Objectives: 

Upon completing this course, you should be able to:

• Identify what employment income includes and the related deductions together with planning for use of tax deferred plans

Who Will Benefit:

• Professionals involved in personal tax who want a structured refresher on planning concepts.
  
• Practitioners supporting individuals, family trusts, and owner‑managers seeking up‑to‑date, practical guidance.