Get current on the year’s legislative changes, from CCA incentives and AMT on trusts to CPP, NPO reporting and personal credits, with practical tips for your clients and your firm.
The pace of tax change in Canada hasn’t slowed. With Budget 2025, the first Spring Economic Update and a summer of draft legislation, practitioners have a long list of new rules to absorb before the 2027 filing season. In this practical and often humorous session, an experienced tax practitioner and educator walks through the changes that matter most for Canadian practices, with a focus on what to check, what to flag, and where the biggest risks lie.
The course starts with the legislative landscape: what has passed, what’s still waiting in committee, rate changes and personal credits, and measures from Budget 2025 and the Spring Economic Update. These include the personal support worker credit, the employee ownership trust exemption, changes to the Home Buyers’ Plan and labour mobility deduction, and the upcoming CPP rate reduction. It then covers the new permanent immediate expensing (“productivity mega deduction”): what qualifies, the excluded vehicle rules, manufacturing and processing buildings and their recapture risk, and what it all means for business sales and purchases.
A major part of the session is devoted to the new dividend suspension rules for tiered corporations. Using worked examples, it covers how dividend refunds can be suspended, the flow-out tests, the 2.6 multiplier, grandparent corporations, trusts in the structure, unaffiliated shareholders, and practical checklists for screening clients. The course also covers bare trust reporting for 2026 (exceptions, practical problems, schedule 15 penalties and engagement letter considerations), the expanded NPO filing requirements, AMT on trusts with investment counselling fees, estate loss carryback rules, rights or things returns, provisional tax implementation, and when CRA decisions can be challenged.
1 activity • 1 videos • duration: 2h
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.
