Canadian Taxes

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Canadian Taxes
Published 7/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.44 GB | Duration: 3h 39m​

Learn about Canadian income tax, business tax and much more!

What you'll learn

The tax system in Canada

Income tax

Property, trust taxes

Capital gains, business tax, domestic and international taxes

Requirements

None

Description

This course provides an in-depth understanding of the Canadian taxation system, covering key concepts, legislation, and practical applications. It is designed for individuals seeking to enhance their knowledge of tax principles, whether for personal interest, professional development, or preparation for a career in tax services.Course Objectives:By the end of this course, participants will be able to:Understand the structure and functions of the Canadian tax system.Identify and apply key principles of Canadian tax law.Prepare personal and corporate tax returns.Navigate and utilize resources provided by the Canada Revenue Agency (CRA).Stay updated with recent changes and trends in tax legislation.Course Content:Introduction to Canadian TaxationOverview of the Canadian tax system.The role of the Canada Revenue Agency (CRA).Taxpayer rights and responsibilities.Income Tax FundamentalsDefinition of income and types of taxable income.Employment income, business income, and investment income.Deductions, credits, and allowances.Personal TaxationFiling personal income tax returns.Understanding tax brackets and rates.Common deductions and credits for individuals.Tax planning strategies for individuals.Corporate TaxationOverview of corporate income tax.Differences between small business and corporation taxes.Filing corporate tax returns.Tax planning for businesses.Goods and Services Tax (GST) / Harmonized Sales Tax (HST)Understanding GST/HST.Filing and reporting requirements.Input tax credits.Tax Administration and ComplianceTax audits and appeals process.Record-keeping requirements.Penalties and interest.Current Issues and Trends in TaxationRecent changes in tax legislation.Implications of digital economy on taxation.International tax issues affecting Canadian taxpayers.

Overview

Section 1: Introduction

Lecture 1 Tax system and administration in Canada

Lecture 2 Tax planning principles

Lecture 3 Income determination and Taxation

Lecture 4 Income from employment

Lecture 5 Income from business

Lecture 6 Income from property

Lecture 7 Capital gains and capital losses

Lecture 8 Introduction to Corporations

Lecture 9 Partnership businesses

Lecture 10 Limited partnerships and joint ventures

Lecture 11 Taxation of trusts

Lecture 12 GST & HST

Lecture 13 Domestic and international business expansion

Anyone wanting to learn more about Canadian Taxes

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