Preparing Corporate Tax Return using Taxprep T2

The course includes 25 - 35 hours of training material. There are more than 30 training videos, up to 15 case studies (walk-through), several T2 practice cases, presentation/slides and other valuable resources.

Sign-up for a Free Trial

Who Will Benefit:

This course will benefit individuals who wish to expand or update their Taxprep software working knowledge. Practitioners who want to learn how T2 and various tax schedules are prepared using Taxprep. CAs who has been away from public practice for some time, and are looking for quick refresher and update on preparing T2. 

The course will also benefit CA students who are applying to CA firms for entry level positions and are looking to put some relevant experience and technical skills on their resume. 


Course overview:

This course provides participants with working/practical knowledge of preparing corporate tax returns for CCPCs and various tax schedules commonly used for CCPCs. This course deals with practical issues and deal directly with the layout of the corporate tax return, the forms, and schedules utilized in the preparation of such returns.


Learning Outcome:

How to prepare full set of corporate tax returns and various schedules/forms using Taxprep

How to account for related parties in Taxprep ie.Parent/Subsidiary relationship, control, association, sharing of SBD limit in Taxprep

How to report dividends received from connected and non-connected corporation in Taxprep

How to report capital gains & losses on disposition of capital property such as shares, real estate, and ABIL.

How to request tax loss carry back/forward & tax loss continuity of net capital losses & non-capital losses

How to record capital dividends and determine CDA balance using Taxprep

How to record additions and disposition of capital assets and calculate CCA

How to record additions and disposition of eligible capital property and calculate CECA

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 using Taxprep 


Topics -T2 corporate income tax return

Preparing T2 - Sch 200, Identification section and importing GIFI - Sch 100, 125,141

Schedule 1 - Accounting income vs. Taxable income, deductible vs. non-deductible items

Schedule 2 - Charitable donations and gifts

Schedule 3 - Portfolio, connected and non-connected dividends received, Part IV tax, RDTOH, and Capital dividends

Schedule 4 - Capital and non-capital loss carry back request and loss carry forward 

Schedule 6 - Disposition of capital property i.e. shares, bonds, real estate;  calculation of capital gain/loss

Schedule 7 - Aggregate investment income vs. Active Business Income; Additional refundable tax on passive income i.e. interest income & rental income 

Schedule 8 - CCA Classes, Calculation of CCA deduction, recapture, and terminal loss

Schedule 9 & 23 - Related and Associated Corporations; Sharing of SBD limit

Schedule 10 - Cumulative Eligible Capital deduction

Schedule 50 - Shareholder Information


Other topics covered:


Navigate through Professional Center, Client Manager and Tax return

Learn about Form Manager including jump code, filter, and search

Perform operations on Tax return, forms and Cells

Learn about Security, Protection, and Sharing

Roll forward, PDF files, Browse tools, Review Tools, Templates, Client Letters

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"

Carol Miller CPA student

"Very useful and practical courses, the instructor is very knowledgeable. Will definitely recommend to all CPA students"

Brandon Riley CPA student

"The courses were very well structured and organized. Keep up the good work! I'd love to attend more sessions"

Jonathan Lawson CPA student

Course Price Options:

Quality service at an affordable price.

Regular

$299 CAD $399 CAD

Plus 1 hours of one-on-one sessions
Interactive technical videos
Real world practice cases
Unlimited email and text support
24/7 unlimited access
Resume review and feedback
Certificate upon completion
Get your CPD Hours
100% Money Back Guarantee*
Purchase Now

Premium Package

$399 CAD $499 CAD

Plus 2 hours of one-on-one sessions
Interactive technical videos
Real world practice cases
Unlimited email and text support
24/7 unlimited access
Resume review and feedback
Certificate upon completion
Get your CPD Hours
100% Money Back Guarantee* 
Purchase Now

* It's 100% risk-free! if you cancel within 12 hours and you're not completely satisfied, we'll give you all of your money back.


 

Our CPA Educator:

Learn from the expert and qualified trainer:


Instructor's Profile

      • Over 10 years of experience in Canadian Domestic and International Tax
      • Currently a Senior Tax Manager at one of Big 7 Accounting firms
      • Previously a Tax Manager at PwC Canada
      • Chartered Professional Accountant (CPA) 
      • Chartered Accountant (CA) 
      • Completed CPA In-Depth Tax Course (Level 1, 2 and 3)
      • Completed CPA In-Depth International Tax Course
      • Instructor at CPA for the In-depth Tax program (Year 1 and 2)
      • Instructor at CPA for the PEP and PREP programs
      • Instructor at CPA for the Capstone 1 and 2
Our course is created by a CPA, who has ten years of experience providing comprehensive tax planning, consulting and compliance services to both multinationals and Canadian public & private companies in a broad range of industries and sectors. He is responsible for providing Canadian tax advice and compliance services including advising clients on cross-border transactions, mergers and acquisitions, tax planning and compliance, and assistance with Canada Revenue Agency audits. Our instructor obtained his Bachelor of Business degree with a specialization in accounting and finance from the University of Toronto. 

Feel free to call me at 416-275-6540 or email at support@accountingtraining.ca




All rights reserved - Copyright © 2017
AccountingTraining