Canadian Income Tax Course Overview
This is a comprehensive introduction to a Canadian Income Tax course, which bridges the gap between theory and practice. This Canadian tax course is designed for those who are just starting to practice Canadian tax as a professional or own a business. Students will learn basic rules and principles of filing personal and business income tax and learn about different features within the tax software available on the market.
Learning Objectives
Upon successful completion of this course, students will have demonstrated the critical thinking abilities to:
- File personal and business income tax returns
- Report the different types of income
- Report different types of slips
- Understand tax deductions and tax credits
- Determine which taxable supply applies
- Navigate between Canada Revenue Agency and software resources available
- Know how to manage an audit from the Canada Revenue Agency
Topics Covered in the Income Tax Course
- Background Theory and Concepts of Taxation
- Rights and Obligations of Taxpayers
- Personal Income Tax
- Corporate Income Tax
- Sources of Income (Employment, Business Activities, Property, Capital Gains, etc.)
- GST/HST/PST
- E-filing software
- Tax Returns, Schedules, Deadlines
- Notice of Assessment (NOA) and Notice of Reassessment
- Savings Accounts(RRSP and TFSA)
- Resources & Recent Industry Changes
- How To Be a Successful Tax Preparer
- Contractors and Commissions
- Audits
Admission Requirements
None
Technical Requirements
Live Online Students
Ashton College offers education for all students with a unique online learning approach. A synchronous learning component provides real time interaction and immediate feedback. We use real time interactive sessions, breakout rooms, and screen-sharing. An asynchronous learning component allows students to work at their own pace. Our asynchronous learning materials include recorded real time lectures, online readings, and discussion forums. We encourage students, if possible, to use both components so as to enjoy interactivity and community of real-time learning as well as studying at their own pace. This approach ensures students have support and resources to achieve their educational goals.
For synchronous sessions, students need to have a fully functional computer system with a webcam, speakers and microphone or headset and headphones, along with a reliable high-speed internet connection. Though the classes can be accessed using smartphones and tablets, we recommend using a laptop or desktop computer for a better learning experience.
This program/course does not require approval by the Private Training Institutions Branch (PTIB) of the Ministry of Post-Secondary Education and Future Skills. As such, PTIB did not review the program/course.
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