This comprehensive webinar covers the essentials of personal and corporate income tax. Partnerships, trusts, the Goods and Services Tax (GST), and other federal taxes are also discussed. There are many examples to help make complex tax law understandable.

Features:

This webinar includes proposed changes announced in the November 21, 2023, Fall Economic Statement and the March 28, 2023, federal budget. The following topics, among others, are covered:

• Separate legal entities and residence
• Employee ownership trusts (EOTs) and alternate minimum tax (AMT)
• Employment income including stock options and RRSPs
• Business income, capital cost allowance (CCA), and accelerated investment incentive
• GST, Digital Services Tax (DST), Luxury Tax, Vacant Homes Tax, and the Tax on Share Buybacks
• Property income including shareholder loans and the tax on split income (TOSI)
• TFSAs, First Home Savings Accounts (FHSA), new tax credits, and property flippers
• Capital gains including the principal residence exemption and the capital gains exemption
• Corporate taxation including refundable taxes and the capital dividend account
• Paid-up capital and share redemptions
• Section 85 and other tax-free rollovers, amalgamations, and wind-ups
• The general anti-avoidance rule (GAAR), GAAR changes, and reporting various transactions