Few things cause people more anxiety than income tax. In fact, many accountants even experience challenges in negotiating the slippery slopes of income tax preparation. To alleviate such stress, this seminar provides participants with a broad overview of income tax issues that can impact taxpayers filing their personal returns. You will obtain a broad overview of income tax issues that can impact taxpayers filing personal returns.

This seminar provides a comprehensive review of income tax compliance and planning issues relevant to the preparation of Canadian personal 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 seminar depends on class discussion, but you will receive reference materials on all topics.

In addition, the seminar identifies and addresses planning opportunities that arise in the preparation of personal income tax returns. However, the seminar’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 undertaken on a proactive basis outside of the annual tax return preparation process.

If you are seeking a more detailed review of other personal tax planning issues, you may wish to consider attending Personal Tax - Review of Tax Planning or other seminars focused on specific tax planning issues of interest.

Furthermore, the seminar 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.

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

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

Prerequisites - Knowledge, Experience or Courses
Although participants with personal tax preparation experience will benefit from this seminar, no specific knowledge or experience is required beyond foundational/pre-certification tax knowledge. 

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

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

Content
The topics in this seminar include:

• Liability for tax
• Employment income
• Retirement income
• Property income 
• Business income 
• Capital gains and losses
• Other income and deductions
• Personal tax credits
• Computation of tax
• Administration and disclosure
• Provincial issues

Seminar Leader: Hugh Neilson

Presented by PD Partner: CPA Pro

What to Expect

• This is a Live Virtual Seminar where class size has been limited to allow for an interactive learning environment. 
• This seminar will not be recorded.
• Course materials, links and credentials will be emailed to you two business days before the seminar. Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal. 
• Live webinars have varying levels of expected interaction, and some may require webcam and microphone capabilities – if you have concerns about the interaction required for this course, please email [email protected] 

CPA Manitoba PD Terms and Conditions