Tax returns represent a major source of anxiety and confusion for most businesses. In fact, many accountants even experience challenges in negotiating the slippery slopes of income tax preparation. To alleviate such stress, this seminar addresses the wide variety of issues encountered in the preparation of Canadian corporate income tax returns. You will obtain a broad overview of income tax issues that can impact taxpayers filing corporate returns.
This seminar provides a comprehensive review of income tax compliance and planning issues relevant to the preparation of Canadian corporate 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 corporate 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 (including owner-manager remuneration) undertaken on a proactive basis outside of year-end financial statement and tax return preparation.
If you are seeking a more detailed review of other corporate tax planning issues you may wish to consider attending Corporate Tax - Review of Tax Planning or other seminars focused on specific tax planning topics 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.
Topics include:
- Net income for tax purposes
- Asset transactions
- Taxable income
- Corporate relationships
- Federal corporate taxes
- Administration and disclosure
- Provincial issues
Learning Objectives
By the end of this course, participants should be able to:
- Identify and evaluate issues impacting corporate income tax filings
- Analyze income tax issues for appropriate corporate tax reporting
- Assess tax planning alternatives arising in the course of preparing corporate income tax returns
- Assess the appropriateness of the results delivered by income tax software
Prerequisite Knowledge
Although participants with corporate tax preparation experience will benefit from this seminar, no specific knowledge or experience is required beyond foundational/pre-certification tax knowledge.
Applicable for:
Although applicable to most tax professionals, this session is designed especially for practitioners and members in industry who work with income taxation issues arising from real estate transactions. Individuals seeking in-depth coverage of real estate GST/HST topics should consider attending the GST/HST – Real Property seminar.
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 March 31, 2024 and should be completed by August 31, 2024, 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.