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Personal Tax – Update, Tips & Traps

This course will provide you with an update of personal tax topics along with an overview of issues and challenges faced by tax practitioners on a daily basis when dealing with clients.

Created byIan DiNovo
IntermediateUpdated Jun 15, 2025

What You'll Learn

  • check_circleIdentify and avoid common tax preparation mistakes
  • check_circleNavigate complex areas such as rental income, foreign income, and real estate
  • check_circleUnderstand CRA audit trends and how to respond effectively
  • check_circleApply practical tips to real client scenarios in personal tax preparation

About This Course

This course delivers an up-to-date review of key personal tax topics and real-world challenges faced by tax practitioners. Designed for professionals preparing personal tax returns, it offers practical tips, insights, and solutions drawn from two years of interactive seminars. From employment expenses and rental income to foreign income and real estate audits, you'll learn how to navigate common problem areas with confidence.

Ideal for accountants entering public practice or refining their tax preparation skills, the course focuses on avoiding costly errors, understanding CRA audit trends, and managing client expectations. You’ll gain actionable strategies to improve your accuracy and efficiency in today’s tax environment.

Course Content

6 activities • 6 videos • duration: 3h 24m

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Section 11 videos • 17 min
  • videocamIntroduction to the course and round-up of recent changes to be aware of
    Duration 17:26
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Section 21 videos • 51 min
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Section 31 videos • 45 min
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Section 41 videos • 22 min
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Section 51 videos • 48 min
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Section 61 videos • 17 min

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

4.5 out of 5
Student's Choice
350 reviews
  • AS
    Ashif S.
    starstarstarstarstar

    Excellent course and a great instructor!

  • GT
    Grace T.
    starstarstarstarstar

    Excellent course

  • RB
    Ryan B.
    starstarstarstarstar

    Great Course

  • BC
    Brian C.
    starstarstarstarstar

    It was great. I didn't know that I could claim CCA on rental property. There are pro's and con's, but good to know there is an option.

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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