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Canadian Income Tax: Common Issues for Accountants

A Comprehensive Practical Guide for Canadian Tax Accountants

Created bySteven Pitucci
BeginnerUpdated May 5, 2023

What You'll Learn

  • check_circleAddress common shareholder loan issues.
  • check_circleDistinguish rental business vs property income.
  • check_circleDetermine employee or contractor status.
  • check_circleManage income tax installment obligations.
  • check_circleResolve opening retained earnings problems.
  • check_circleHandle TFSA and RRSP over contributions.

About This Course

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Canada, provides students with an in-depth walkthrough of ten common issues faced by public accountants involved in Canadian income tax and how to resolve them practically. 

Topics discussed in this course include:

  • Dealing with shareholder loans in a corporation
  • Income from a rental property – is it business or property income?
  • Remunerating family members (with a discussion on TOSI)
  • Employees vs. contractors – how to make the distinction
  • Income tax (and GST/HST) installments
  • Opening retained earnings issues for a corporation
  • Dealing with TFSA and RRSP over-contributions
  • Amending income tax returns
  • How to stay current with income tax changes
  • How to stay current with your clients

Course Content

12 activities • 11 videos • duration: 2h 43m

  • videocamCDN Income Tax - Common Issues (Intro)
    Duration 4:34

Your Instructor

Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,780 reviews

As a Chartered Professional Accountant, I am currently navigating the complex world of forensic accounting & advisory in a Canadian insolvency firm. I am a former partner of public accounting firm serving Canadian individuals and privately-held businesses. I am also educating other accountants with all things accounting and tax. I have a passion for taking complex issues and teaching them to others in a manner that is understandable.

Credit Information

Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.

What Students Are Saying

4.6 out of 5
Student's Choice
467 reviews
  • PO
    Pauline O.
    starstarstarstarstar

    Very informative webinar

  • JH
    John H.
    starstarstarstarstar

    The course had very valuable information, and helped provide some clarity on many issues that do not have clear answers

  • NV
    Neno V.
    starstarstarstarstar

    Practical

  • BT
    Bailey T.
    starstarstarstarstar

    It was fine

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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