Safe Income

Overview:

This course provides an overview of what safe income is and how to calculate it for exemption purposes and manage the tax implications. This course also focuses on the safe income on hand and how it’s attributed to the types of shares typically issued by private corporations.

This microlearning course includes short, digestible modules designed to provide an introduction to the tax concept of safe income.

Course Content:

Topics covered in this course include:

• Safe Income Overview
• Safe Income Exceptions
• Calculating Safe Income
• Holding Period
• Safe Income on Hand

Learning Objectives:

By the end of this course, you should be able to:

• Describe the concept of safe income and the requirements under which the safe income exemption applies
• Calculate the safe income in various common situations
• Identify how much of the safe income on hand is attributed to the types of shares typically issued by private corporations

Who Will Benefit: 

CPAs at all levels of their career and in any type of organization across a wide range of industries and roles.