Learn how the current levels of personal and corporate tax rates affect and possibly change accepted tax planning techniques. A review of the current integration of personal and corporate tax rates is provided. The proposals from the Federal Budget, as well as other sources of information from the Department of Finance and the Canada Revenue Agency (CRA), including news releases, draft legislation, CRA technical interpretations and tax cases, are discussed together with other particular subjects of current relevance and interest. Course coverage will be largely restricted to changes in the last year.

Note: Due to the nature of this course and the wide range of topics covered, none of the topics are covered with in-depth material. The intent is to provide knowledge and awareness of the recent tax changes. One or more of the topics may be covered in more detail in other available courses.

Topics include:

· tax rate changes/integration

· update of rules dealing with the taxation of private companies, passive investment income, income splitting, small business deduction, etc.

· federal budget (2022)

· taxation of employment income/benefits

· business income/deductions

· capital transactions and shareholder issues

· partnerships/trusts/charities & NPOs/deferred income plans

· international tax issues

· CRA administrative matters and new matters

· provincial and territorial update including applicable provincial and territorial budgets

Learning Objectives

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

· Provide relevant, current tax advice to clients

· Prepare personal and corporate tax returns with knowledge of recent developments

· Complete tax planning arrangements/positions taking into account current issues

· Be confident that they are “up-to-date” with their tax knowledge

Prerequisite Knowledge

None

Applicable for:

This seminar will be beneficial to those who need current information to advise clients, deal with the CRA, and who want to update their existing knowledge of income tax issues to incorporate developments in the past year. As the course focuses only on recent developments, it is best suited for members who take the course annually.

What to Expect

· An email will be sent from CPA Manitoba to the participant within two business days of registration. The email will include information on how to access the course along with the necessary login credentials.

· Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.

· This course is designed for participants to view while following along with the course material provided.

· This self-study course allows the user to save their progress and return to continue later.

Registration is for this course is open until August 31.2023 and should be completed by September 30, 2023, after this time, access to the course will no longer be available.

To receive a certificate, participants must complete a quiz at the end of the course. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this you will no longer have access to the quiz.

CPA Manitoba PD Terms and Conditions