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  1. Courses
  2. /Accounting & Tax
  3. /Income Tax

Canadian Income Tax: Common Issues for Accountants

A Comprehensive Practical Guide for Canadian Tax Accountants

Created bySteven Pitucci
BeginnerUpdated May 5, 2023

What You'll Learn

  • check_circleAddress common shareholder loan issues.
  • check_circleDistinguish rental business vs property income.
  • check_circleDetermine employee or contractor status.
  • check_circleManage income tax installment obligations.
  • check_circleResolve opening retained earnings problems.
  • check_circleHandle TFSA and RRSP over contributions.

About This Course

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Canada, provides students with an in-depth walkthrough of ten common issues faced by public accountants involved in Canadian income tax and how to resolve them practically. 

Topics discussed in this course include:

  • Dealing with shareholder loans in a corporation
  • Income from a rental property – is it business or property income?
  • Remunerating family members (with a discussion on TOSI)
  • Employees vs. contractors – how to make the distinction
  • Income tax (and GST/HST) installments
  • Opening retained earnings issues for a corporation
  • Dealing with TFSA and RRSP over-contributions
  • Amending income tax returns
  • How to stay current with income tax changes
  • How to stay current with your clients

Course Content

12 activities • 11 videos • duration: 2h 43m

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Introduction1 videos • 4 min
  • videocamCDN Income Tax - Common Issues (Intro)
    Duration 4:34
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Dealing with Shareholder Loans in a Corporation1 videos • 18 min
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Income from a Rental Property – Business or Property?1 videos • 9 min
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Remunerating Family Members1 videos • 33 min
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Employees vs. Contractors1 videos • 15 min
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Income Tax (and GST/HST) Instalments1 videos • 18 min
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Opening Retained Earnings Issues for a Corporation1 videos • 13 min
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Dealing with TFSA and RRSP Over-Contributions1 videos • 18 min
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Amending Income Tax Returns1 videos • 15 min
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How to Stay Current with Income Tax Changes1 videos • 7 min
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How to Stay Current with Your Clients1 videos • 8 min
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Final Assessment1 quiz

Your Instructor

Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,775 reviews

As a Chartered Professional Accountant, I am currently navigating the complex world of forensic accounting & advisory in a Canadian insolvency firm. I am a former partner of public accounting firm serving Canadian individuals and privately-held businesses. I am also educating other accountants with all things accounting and tax. I have a passion for taking complex issues and teaching them to others in a manner that is understandable.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6 out of 5
Student's Choice
465 reviews
  • PO
    Pauline O.
    starstarstarstarstar

    Very informative webinar

  • JH
    John H.
    starstarstarstarstar

    The course had very valuable information, and helped provide some clarity on many issues that do not have clear answers

  • NV
    Neno V.
    starstarstarstarstar

    Practical

  • BT
    Bailey T.
    starstarstarstarstar

    It was fine

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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