Profile Tax & TaxPrep Combo (T2 Corporate & T1 Personal)
Package 7 includes:
- Profile T2 Corporate Tax
- Profile T1 Personal Tax
- TaxPrep T2 Corporate Tax
- TaxPrep T1 Corporate Tax
Most Comprehensive Online Course on Canadian Corporate Tax & T2 Return Preparation - Focus on CCPC, owner-manager and Small Businesses
UPDATED FOR 2021 -2022 T2 CORPORATE TAX RETURNS
**Free Demo version of Profile T2 and Tax Prep T2 software is available to practice cases and get hands-on-experience and learning**
Note - T2 software is for study purposes only
Who Will Benefit:
This course will benefit CPA Members, CPA Students and Professional Accountants who wish to expand or update their Canadian Corporate tax return preparation knowledge using a Taxprep software.
CPA Students Looking for a Job: The course will benefit CPA students who are applying to CPA firms for entry-level positions and are looking to put some relevant experience and technical skills on their resume. If you are a student in tax and accounting and working towards your CPA designation, then this course is intended to fill in the gap between the tedious theory and the real world.
Professionals Looking To Get Into CPA firm: The course will benefit if you are already a professional and looking to change your career. This course will serve as a good refresher and provide all the necessary guidance and skill to make the jump.
Bookkeepers Looking To Offer T2 return services: The course will benefit you if you are a bookkeeper and want start offering T2 corporate tax return services .You probably deal with a number of accountants on year-end T2 tax planning and work. Why not do the T2 tax returns yourself, or at the very least be able to keep up with those accountants and know what’s going on?
Those Looking To Start a Tax Preparation Business: The course will benefit you if you want to start your own tax preparation side business. This course is their first step.
This course provides participants with working/practical knowledge of preparing corporate tax returns for small businesses and CCPCs and various tax schedules commonly used. This course deals with practical issues and deals directly with the layout of the corporate tax return, the forms, and schedules utilized in the preparation of such returns. I take you through the step-by-step process of preparing the Corporation T2 tax return with a focus on Canadian small businesses.
Preparing Corporate Tax return using PROFILE T2 & TaxPrep T2
- Learn how to prepare a corporate tax return from start to finish.
- How to prepare full set of corporate tax returns and various schedules/forms
- How to account for related parties in Profile Tax i.e. Parent/Subsidiary relationship, control, association, sharing of SBD limit
- How to report dividends received from connected and non-connected corporation
- How to report capital gains & losses on disposition of capital property such as shares, real estate, and ABIL.
- How to request tax loss carryback/forward & tax loss continuity of net capital losses & non-capital losses
- How to record capital dividends and determine CDA balance
- How to record additions and disposition of capital assets and calculate CCA
- How to record additions and disposition of eligible capital property and calculate CEC
- How to account for investment income i.e. interest income, rental income, and foreign income
- You will learn about several ways of performing tax planning
Preparing Personal Tax return using PROFILE T1 & TaxPrep T1
- Learn how to prepare a personal tax return from start to finish.
- How to set up a client file and navigate through tax software
- How to create a family profile and identify possible planning opportunities
- How to identify and claim non-refundable tax credits
- How to input various T slips; employment income, investment income (interest, dividends) & other income
- How to report deductions such as professional fees, carrying charges, child care, moving expense and RRSP
- How to report employment expenses
- How to report self-employed business income and expenses
- How to report rental income and expenses
- How to amend T1 and request loss carry back
What People Are Saying About Us
Meet our happy clients and find why our course is the preferred choice.
"Excellent training - I found the hands-on practical experience very very useful"
"Very useful and practical courses, the instructor is very knowledgeable. Will definitely recommend to all CPA students"
"The courses were very well structured and organized. Keep up the good work! I'd love to attend more sessions"
"The step by step video tutorial is easy to follow and the case study that required marking and feedback. Overall a Brilliant Course!!"