This comprehensive webinar covers the essentials of personal and corporate income tax.
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, 2024 GST holiday announcement and the April 16, 2024 federal budget. The following topics, among others, are covered:
1. Separate legal entities and residence
2. Employee ownership trusts (EOTs) and alternate minimum tax (AMT)
3. Employment income including stock options and RRSPs
4. Business income, capital cost allowance (CCA) and the 2 accelerated investment incentives
5. GST, Digital Services Tax (DST), Luxury Tax, Vacant Homes Tax and the Tax on Share Buybacks
6. Property income including shareholder loans and the tax on split income (TOSI)
7. TFSAs, First Home Savings Accounts (FHSAs), some tax credits and property flippers
8. Capital gains and the changing capital gains inclusion rates
9. Principal residence exemption and the capital gains exemption
10. Corporate taxation including refundable taxes and the capital dividend account
11. Paid-up capital and share redemptions
12. Section 85 and other tax-free rollovers, amalgamations and wind-ups
13. The general anti-avoidance rule (GAAR), GAAR changes and reporting various transactions
CPA, CA, M.Acc
Jason Fleming is a Chartered Professional Accountant (CPA), Chartered Accountant (CA) with a master’s degree in accounting. Jason is an associate professor, teaching stream, at York University, previously he was a tax manager at a Big-4 accounting firm in Toronto. Jason completed the CICA’s In-Depth tax course, ranked 8th in Ontario on the UFE (the CA professional exam) and taught tax week at the ICAO's Summer School. Jason is the author of CFE Tax, 9th edition, CFE Case Writing, 3rd edition and various tax articles.
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