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  3. /Corporate Tax *

Intensive T2 Corporate Tax Preparation

This course is perfect for accountants looking to get into corporate accounting, tax preparation or public practice.

Created byIan DiNovo
IntermediateUpdated May 17, 2025

What You'll Learn

  • check_circlePrepare T2 corporate tax returns for small business clients.
  • check_circleApply core corporate tax knowledge in a practical, client-focused setting.
  • check_circleUnderstand the year-end process in small tax practices.
  • check_circleBuild confidence for roles in public practice, corporate accounting, or tax prep.

About This Course

This intensive, bootcamp-style course is designed for professionals with a foundational understanding of corporate tax concepts who want to level up their practical skills in preparing T2 corporate tax returns. Tailored for accountants entering corporate accounting, tax preparation, or public practice, the course walks you through the full year-end process for a typical small business client—focusing on the core work that forms the “bread & butter” of most small tax practices.

Through real-world examples and guided instruction, you’ll gain hands-on experience in compiling and completing T2 returns for small business corporations. The fast-paced format ensures that you quickly build confidence and efficiency, preparing you for the realities of working in a high-volume tax environment.

Course Content

1 activity • 22 videos • duration: 5h 58m

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Section 122 videos • 6 hours
  • videocamT2MC - 01 - Introduction to the course and what will be covered
    Duration 5:14
  • videocamT2MC - 02 - The difference between a T1 practice and corporate tax practice
    Duration 8:57
  • videocamT2MC - 03 - Corporate client bookkeeping and knowledge of client business
    Duration 12:55
  • videocamT2MC - 04 - A look at software options and what you required for a T2 practice
    Duration 6:43
  • videocamT2MC - 04a - Downloading a student trial version of Intuit Profile
    Duration 5:36
  • videocamT2MC - 05 - An overview of corporate tax concepts and tax software
    Duration 12:49
  • videocamT2MC - 06 - Client information, the T2 Return and starting the T2 process SC
    Duration 12:39
  • videocamT2MC - 07 - A look at Ace Engineering and the GIFI schedules
    Duration 13:11
  • videocamT2MC - 08 - Overview of the schedules needed to preparer Ace's T2 return
    Duration 19:56
  • videocamT2MC - 09 - Summary of the T2 preparation process and completing Ace's T2
    Duration 9:35
  • videocamT2MC - 10 - Scenario 2 - Coporation with loss carryback example
    Duration 17:22
  • videocamT2MC - 11 - Scenario 3 - Coporation with profit and loss carrforward to apply
    Duration 10:19
  • videocamT2MC - 12 - Fixed assets, Capital Cost Allowance and the new AII rules
    Duration 13:40
  • videocamT2MC - 13 - Scenario 4 - An example of Schedule 8 and applying the AII rules SC
    Duration 12:48
  • videocamT2MC - 14 - Sorting through all the investment income rules SC
    Duration 33:04
  • videocamT2MC - 15 - Understanding the dividend refund system and the GRIP and LRIP balances
    Duration 29:01
  • videocamT2MC - 16 - A review of other important schedules on the T2 corporate return
    Duration 22:14
  • videocamT2MC - 17 - Comprehensive example of Ace Engineering with a number of transactions SC PROJECT
    Duration 46:38
  • videocamT2MC - 18 - Capital dividend considerations and new RDTOH rules
    Duration 23:36
  • videocamT2MC - 19 - CRA Initiatives in the area of corporate tax and what to expect -DSC-230
    Duration 18:21
  • videocamT2MC - 20 - Types of corporations and income along with payroll audits
    Duration 19:37
  • videocamT2MC - 21 - Conclusion - Thank you and next steps in corporate tax
    Duration 3:59

Your Instructor

Ian DiNovo

Professional Accountant and Director of SBC Knowledge Systems Inc

menu_book12 courses
star3,342 reviews

I am a professional accountant and Director of SBC Knowledge Systems Inc. I have been practicing accounting and offering independent financial and business advice for over 20 years. I am the creator of a number of courses dealing with business, tax and investment matters that are designed to make difficult topics easy to understand for everyone.

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
445 reviews
  • ST
    Susan T.
    starstarstarstarstar

    This was a great match for me, as I haven't worked in an accounting firm in the better part of 10 years.

  • LL
    Ling Ling Mabel L.
    starstarstarstarstar

    This course is being organized and presented in the best way possible for students,

  • MV
    Matt V.
    starstarstarstarstar

    Great course. There were some typos on the slides that made it confusing at some points, and the "Canadian Tax Academy" is no longer an institution that will get us a student version of the Intuit Profile software.

  • LS
    Lok Man S.
    starstarstarstarstar

    Good course

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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