Recorded on October 15, 2026. Topics include immediate expensing, bare trust reporting and exceptions, EOTs, dividend suspension rules, proposed BC tax rates, and CRA developments.
This on-demand session, recorded on October 15, 2026, gives Canadian tax practitioners a candid, practical review of the federal and provincial measures shaping tax practice heading into the 2026 filing season.
The course starts with the fiscal backdrop: Budget 2025, the move to a fall budget cycle, the split of the federal budget into operating and capital components, and the first Spring Economic Update. It then turns to the technical changes that matter most for client work. These include the permanent productivity mega deduction (immediate expensing), the employee ownership trust exemption, and the new dividend suspension rules.
A large part of the session covers the enhanced trust reporting rules, which apply to bare trusts for the 2026 taxation year. You’ll work through a step-by-step reporting flowchart covering when a legal relationship is a trust, how trust residency is determined, how the listed trust and bare trust exceptions work, and when a T3 and Schedule 15 are required. The session also includes audience questions on common scenarios such as joint bank accounts, adult children on title, and agricultural land.
The course closes with the cost of repeated tax policy “pauses,” proposed BC income tax rate increases and their residency planning implications, the appointment of a new CRA Commissioner, and the growing role of AI tools in tax practice.
1 activity • 1 videos • duration: 1h 54m
The CPA Small Practitioners’ Forum was created to offer an inviting, semi-causal, and easygoing professional development weekend that provides substantial professional development value to small practitioners. All profit earned by the CPA Small Practitioners’ Forum is donated to the Alberta CPA Education Foundation, so you are helping young people in Canada get scholarships for university. All these courses are reviewed by the delegates at the Forum in Banff annually so we have a great lineup that is adjusted every year to keep things relevant to small practitioners. If you work at a public accounting firm in Canada with employees of 1-50 people, you are our target demographic and you should find this course useful.
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.
