Name: Income Tax Update 2024 and 2025
Price: 99 CAD
Rating: 4.8 (42 reviews)

What You'll Learn

check_circleUnderstand updated income tax brackets and rates for 2024 and 2025.

check_circleAnalyze changes to the capital gains inclusion rate and the lifetime capital gains exemption

check_circleExplore new rules for passive investment income and their impact on small business deductions.

check_circleLearn about income splitting updates and the introduction of Employee Ownership Trusts.

check_circleIdentify key changes to employment income and benefits, including work-from-home expenses and taxable benefits.

check_circleGain insight into the updated CPP and EI contribution rates and the maximum insurable earnings for 2024 and 2025.

About This Course

Stay ahead of the tax curve with "Income Tax: Update 2024 and 2025"! This comprehensive course covers the latest changes to Canadian tax laws, providing valuable insights for tax professionals and individuals alike. We'll delve into new tax rates, investment taxation updates, business owners and employee considerations, and international tax implications. This course is your guide to navigating the complexities of income tax, equipping you with the knowledge to confidently manage your personal finances and make informed business decisions.

Understand the impact of updated tax brackets on different income levels.
Explore the new capital gains inclusion rate and its implications for individuals and corporations.
Discover how the increased lifetime capital gain exemption can influence the market for private corporations.
Learn about changes to the tax-free savings account (TFSA) contribution limit.
Gain insight into the updated basic personal amount (BPA) and its impact on your tax liability.
Dive into key updates for small businesses, including the small business deduction and passive investment income.
Get up to speed on income splitting changes and the introduction of Employee Ownership Trusts.
Understand the latest developments regarding CPP and EI, including the new CPP2 contribution.
Explore updates to taxable benefits, including work-from-home expenses, company cars, meal allowances, and employee stock options.
Gain a clear understanding of EI premiums, including the maximum insurable earnings and premium rates.

Join us and master the ever-evolving world of income tax. You'll gain a clear understanding of the latest rules and regulations, enabling you to maximize your financial potential and confidently navigate the tax landscape.

Your Instructor

Sophie Wang

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star1,319 reviews

I am Sophie, a Certified Public Accountant (CPA) with more than 10 years of experience and an Accounting degree, I love to bring expertise and practical knowledge to the table. Passionate about accounting, I enjoy simplifying complex concepts for students. My teaching style combines real-world examples with interactive methods, aiming to make accounting principles accessible. I am dedicated to nurturing aspiring accountants and professionals through workshops and mentorship, contributing actively to the field while staying updated with industry trends.

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

4.8

Student's Choice

42 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 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.