Step-by-Step Preparing T106 Returns - Tips and Traps

The course offers an overview of completing T106 - Information Return of Non-Arm's Length Transactions with Non-Residents (T106). The course will discuss the possible traps and how to identify tax issues with completing T106. The course provides a practical perspective on filing T106 forms and what are some of the red flags that can raise a CRA audit. The course also includes walk through of T106 summary and slip.



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Course Description

TOPICS INCLUDE:

  • Overview of Form T106 filings requirements and obligations
  • Completing T106 summary form – Section I, II & III
  • Completing T106 slips – Part I, II, III, IV, V & VI
  • How to identify tax issues and exposures when preparing/reviewing T106
  • Traps and Inherent risks with cross-border inter-company transactions
    • Upstream loan tax implications and Foreign affiliate dumping
    • Thin capitalization rules and back-to-back loan rules
    • Shareholder loan issue and deemed dividend
    • Withholding tax
  • Payments to non-residents and withholding tax implications
  • Transfer pricing issues - what to look for in a T106?
  • Identify CRA audit red flags when preparing T106?

WHO WILL BENEFIT:

This course is designed for tax professionals who would like an overview of Canada’s international tax reporting, compliance and filing of T106. The course will benefit people who advise corporations on cross-border taxation; provide services to the cross-border client; work at a Canadian or foreign multinational company as a tax manager or director.




Course Walkthrough

  • Presentation Slides & Case Studies
  • Step-by-Step Preparing T106 returns - Tips and Traps
  • 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