Preparing Personal Tax Return using Taxprep T1

Advance Personal Tax Course - This course includes up to 25 hours of training material. There are more than 20 training videos, up to 15 case studies (walk-through), several T1 practice cases, presentation/slides and other valuable resources. 

The most comprehensive online course on how to prepare Canadian personal tax returns using a Tax Software.


**Student Version of TAXPREP T1 software is included with the course**

Note - T1 software is for study purposes only 


Who will Benefit:

This course will benefit individuals who wish to expand or update their Taxprep T1 tax software working knowledge. Practitioners who want to learn how T1 and various tax schedules are prepared using Taxprep. CPAs who have been away from public practice for some time, and are looking for a quick refresher on preparing T1. Accountants who are planning to set up their small CPA firm practice. 

This course is also very useful for: 

      • New Grads/Co-ops & CPA students who are applying for entry-level jobs at CPA/CA and public accounting firms.
      • Freelance Bookkeepers who want to expand their business by providing T1 preparation services.
      • People who want to do their taxes.
      • CPA Professionals working in accounting firms
      • CPA Professionals working in Industry

Learning Objectives 

      • Learn how to prepare a personal tax return from start to finish.
      • How to set up a client file and navigate through Taxprep
      • How to create a family profile and identify possible planning opportunities
      • How to identify and claim non-refundable tax credits
      • How to claim non-refundable tax credits (public transit, donations, medical expenses, tuition, textbook and education amount, interest on government-provided student loans, etc…)
      • How to work with various T slips; employment income, investment income (interest, dividends) & other income 
      • Understanding the common T-Slips (T3, T4, T4A, T5, T4RIF, T4RSP, T2202A, T5013)
      • How to report capital gains & losses on the disposition of capital property such as shares, building, vehicles, etc.
      • How to report investment 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

Intermediate Personal Tax Topics 

      • Preparing T1 - 7 step process 
      • Identification and client profile
      • Working with T-slips
      • All about Federal Tax Credits
      • T1 jacket and Schedules
      • Schedule 1: Federal tax calculation
      • Schedule 3: Capital gains (or losses)
      • Schedule 4: Statement of investment income
      • Schedule 9: Donations and gifts
      • Schedule 11: Tuition and education amounts

Advance Personal Tax Topics 

      • T2125#: Statement of business activities
      • T2125#: Statement of professional activities
      • T776#: Rental income
      • T777: Employment expenses
      • T778: Child care expenses
      • ABIL: Allowable business investment loss
      • Loss: Net capital losses
      • Loss: Non-capital losses
      • RRSP: RRSP deduction
      • Support: Support payments

Tax planning to maximize tax refund

      • Child support and spousal support
      • All about RRSPs rules, contribution limit
      • Profession fees and union dues
      • Child care expenses and Moving Expenses
      • Carrying charges and interest expenses
      • Home-Office expense
      • Loss carry back and carry forward
      • Auto and Travel Expense issues
      • Lifetime capital gain exemption 
      • Capital Assets and CCA-depreciation

Course Walkthrough

  • Download Taxprep T1 Personal tax demo version for free
  • Presentation Slides & Case Studies - Taxprep Personal T1
  • What’s New for Tax Years after 2017/2018?
  • 2017 - 2019 tax rates
  • Year-end Tax Planner 2018
  • 2019 Facts and Figure
  • 2018/19 Tax calculators & rates
  • Introduction to the course
  • Preparing T1 return - 7 Step process
  • CRA's guide to preparing T1 personal tax return
  • How are taxes computed
  • Step 1 of Preparing a T2 Return - Set up Client's Profile and Identification
  • Case Study 1 - How to set up client's profile
  • Case Study 2 - How to set up Family Profile (spouse and kids information)
  • Step 2 - Entering T-slips such has T4, T5, T3 and ...
  • Consider taxpayer's eligibility for non-refundable tax credits
  • Case Study 3 - Personal Tax planning to Maximize Tax Refund for the Family
  • Case Study 4 - Tax Planning for Salary & Dividend mix from a corporation based on Taxpayer's/shareholder's personal tax situation
  • Case Study 4 - Question 2 and 3
  • Complete Schedule 3 if the taxpayer realized a cap...
  • T1 Schedule 3 - All you need to know about Capital Gains and Losses
  • Case Study 5 - How to report Capital gains on Schedule 3 of the T1 return
  • T1 Schedule 4 - All you need to know about Investment Income - Interest and Dividends
  • Case Study 6 - How to report Investment income, carrying charges and briefly look at Attribution
  • RRSP Deduction - All you need to know about RRSP and a Case Study # 7
  • T777 - Employment Expenses and Case Study 8
  • 0
  • T2125 - Statement of Business Activities & Case Study 9
  • T776 - Statement of Real Estate Rental Properties
  • Case Study 10 - How to report rental income from rental properties and capital gain/recapture on disposition
  • RECAP - Preparing a Personal Tax Return - 7 Step Process
  • Preparing T1 – Taxprep Basics
  • Your Feedback is very important for us!
  • Certificate of Completion

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

"The step by step video tutorial is easy to follow and the case study that required marking and feedback. Overall a Brilliant Course!!"

Bruce Smith, CPA Student

Course Price Options:

Quality service at an affordable price.


$299 $399

Includes 1 hours of one-on-one Skype or Webex meetings

1yr - One year of unlimited access

Purchase Now

Premium Plus

$399 $499

Includes 2 hours of one-on-one Skype\Webex or in-person meetings

2 yrs - Two years of unlimited access 

Purchase Now

All courses include 1-Year online access and Unlimited 1-on-1 Support from the Instructor via Email, Text/SMS, Short Phone Calls, and Onsite Chat 

Frequently Asked Questions

How long do I have access to the course?

Your online access will expire in one year from the sign-up date. The course is completely delivered online via topic-by-topic tutorial videos, real-client practice cases, full-length detail solutions, reading notes and powerpoint presentation slides. You can study at your own pace and can access the content online at any time from any where.

What if I have questions as I complete tutorial videos and practice cases?

We provide unlimited support via email, text, SMS, short phone calls, and website online chat. You can ask as many questions as you want and when you want.

How do you offer the one-on-one training sessions?

If you are in Toronto area, we can meet in-person to discuss your questions. Otherwise, we can meet online via Skype, Webex or Teamviewer.

How is the course taught?

The course is presented through a series of topic-by-topic videos. The videos include a technical discussion and theoretical overview of a given topic and a walkthrough of a real client practice case in the software. This allows students to learn the concepts at their own pace and review a particular topic again and again.

Do you provide access to the software for hands-on learning?

Yes, the course includes instructions to download TaxPrep T2 Corporate Tax and T1 Personal Tax return software (practice version only). The T2/T1 software can be used for practicing real-client cases and hands-on-learning. Please note we are not licensed or authorized to sell or distribute any software.

Who is the course instructor and can I contact the instructor to discuss questions?

Click Here to view instructor's profile. Yes, you can contact the instructor at any time you have questions. You can email the instructor at

What kind of accounting or tax knowledge do I need to have before taking this course?

You should be familiar with basic accounting concepts. Ideally, you should have completed university level accounting course.

Are there any tests, quizzes or exams?

No. There are no tests, quizzes or exams. It is a self-study course and includes practice cases. Detail solutions are provided.

How often is the course updated?

The course is updated on an annual basis to keep up with changing tax legislation. We also update the course with any new budget information that is important to the course content throughout the year when applicable.

Can I re-take or re-attend the course?

Yes, you will have unlimited access to the online course content.

Is this course eligible for PD credits? Do you issue certificates?

Yes, you will earn verifiable PD credits and a certificate of completion will be issued after you complete the course.

Do you provide resume tips, interview tips, and career tips?

Yes, we provide students with resume tips and career advice.

What if I am unhappy with the course?

Please review the refund policy here.

Why study Online vs. In-person training classes

Online plus 1-to-1 of Skype Training

In-Person Training

Go at your own pace, practice and review as needed

1-3 days of intensive training that might not stick

Learn from the comfort of your own home or office

Commute to some community college or seminar facility

Go back to training materials whenever you need or want to

“Access” training for only those few days

Follow the course progression or jump around to whatever section you need

Rigid structure and progression

Skip to exactly what you need, when you need it. Don’t waste time with material you don’t need.

Might waste time with stuff you already know

Get started right now

Attend in a week, month, or sometime in the future

Highly qualified CPA, CA instructor

The instructor may not be a CPA.

Certificate of Completion

Maybe a certificate?

1-year unlimited Access

1-3 days and you’re done

Ask unlimited questions from the CPA instructor anytime

Difficult to get 1-on-1 time from the instructor in a classroom setting

Unlimited 1-on-1 support from CPA instructor via Email, Text/SMS, Short Phone Calls, and web-chat 

No help available after the class is over

Get the practical skills that will set you apart on interviews, resume and on the job!

Our CPA Educator:

Learn from the expert and qualified trainer:

Instructor's Profile

Over 15 years of experience in Canadian Domestic and International Taxation

Work Experience
      • Currently a Senior Tax Manager at one of the Big7 firms in GTA
      • Previously a Tax Manager at PwC Canada
Qualifications and Designations
      • Chartered Professional Accountant (CPA) 
      • Chartered Accountant (CA) 
      • CPA In-Depth Canadian Taxation (Level 1, 2 and 3)
      • CPA In-Depth International Taxation
      • BBA from University of Toronto
Teaching experience
      • Seminar Leader/instructor at the CPA for Professional Development courses
      • Instructor at the CPA for In-depth Tax program (Year 1 and 2) Group Study and In-residence
      • Instructor at the CPA for Professional Education Program (CPA PEP) courses and modules
      • Instructor at the CPA for CPA Preparatory Courses courses and modules
      • Instructor at the CPA for Capstone 1 and 2 workshops
I have over fifteen years of experience in 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

Why Choose

one-on-one training

Hands-on Experience

Practice on real-client files on the software. Prepare real NTR and T2 corporate tax returns from start to finish. Free T2 trial software for practice.


Online Courses

Online training includes hundreds of topic-by-topic videos, real case studies, practice cases, reading material and valuable resources


Talk to Expert CPA

Communicate directly with the course instructor by asking questions throughout the course. Click here to view Instructor's Profile

one-on-one training

One-on-One Session

Schedule 1-on-1 Live Skype Sessions to discuss any Question with an Expert CPA



Unlimited One Year Access 24/7/365. Study at your own pace, when you want and at your convenience


Proven Reputation

 Over 94% of our students highly recommend us to other students.Our student satisfaction is 100%.


Unlimited Support

Unlimited Email, Text/SMS, Short Phone Calls, and Onsite Chat Support

realworld p

Real Client Files

Practice Real Client Cases on the Software with Detailed In-Depth Solutions


CPD Certificates

Earn Verifiable CPD Hours for CPAs