Online Seminar

Income Tax – Everyday Issues for General Practitioners

NOV 24 - Nov 25, 2022

Online

DATE

NOV 24 - NOV 25

2022

TIME

1:00 PM - 5:00 PM

WHO CAN ATTEND

All

PD HOURS

7 Hours

ETHICS HOURS

0 Hours

STATUS

Registration closed on

Nov 21, 2022

EVENT DESCRIPTION

NOTE: This course description has been revised and reflects updates for 2022. If you have any questions, please contact pdevents@cpaontario.ca

SCHEDULE

  • Nov 24, 1:00pm - 5:00pm
  • Nov 25, 1:00pm - 5:00pm
  • CPAs in public practice who assist clients with income tax compliance and plans find that even routine matters can have complexities, alternatives and uncertainties.

    The simplest matters can involve various issues and ambiguities, even in the field of accounting. Those who assist clients with income tax compliance and plans find that routine matters can entail complexities, alternatives, and uncertainties.

    This seminar identifies income tax matters that practitioners frequently encounter and demonstrates how income tax rules apply in everyday situations. In order to enhance the practicality of the seminar, the seminar presents topics as practical issues rather than technical details. After providing general background information for each issue, the seminar emphasizes opportunities, problems, suggestions, and plans for each topic.

    This seminar provides an opportunity for practitioners, who routinely deal with income tax, to focus on issues they frequently encounter. Many participants take this seminar on an annual basis because the content relates directly to client situations and timely topics are added each year.

    Topics covered in this course include:

    • Taxation for select sources of income — including active business income, small business deduction, employees vs. contractors, personal services businesses, and investment income
    • Remuneration issues — including salary vs. dividends, bonuses payable, and family member income splitting
    • Expenses and assets with personal and business elements — including meals and entertainment, automobiles, and taxable benefits
    • Shareholder benefits and loans issues — including debit balances
    • Timely and topical practical matters
    • Newsworthy and notable information — including recent developments
    • Challenging ethical situations encountered in tax practice

    By the end of this course, participants should be able to:

    • Evaluate and characterize sources of income and develop remuneration strategies
    • Recognize, assess and advise on shareholder benefit and loan problems
    • Identify best practices for expenses/assets with personal and business elements
    • Discover newsy and notable recent income tax developments
    • Analyze ethical considerations related to providing tax services to clients

    While all tax professionals, whether seasoned or new, will gain new insights from this seminar, this seminar particularly targets practitioners who deal with small and medium-sized owner-managed businesses. Practitioners, transitioning to take on more owner-manager planning responsibilities, will find the course to be a valuable training resource.

    Participants enrolling in this seminar should possess general corporate and personal income tax knowledge.

    PRICING

    $325.00 Personal Passport

    $380.00 Organization Passport

    $479.00 Member

    $479.00 Student

    $589.00 Public

    Status: Registration closed on Nov 21, 2022

    LOCATION

    Online

    SPEAKER(S) BIO

    Michelle Causton, FCPA, FCGA, MBA is a professional speaker, educator and trainer. Her goal is to help individuals achieve personal success by strengthening both technical and communication skills. Michelle uses a practical approach gained from many years of experience in public practice and teaching at the post-secondary level. She is a member of the Canadian Association of Professional Speakers (CAPS).

    SPECIAL INSTRUCTIONS

    This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

    Electronic material can be accessed one week prior to the course at https://pdlms.cpaontario.ca/ and should be downloaded in advance.

    Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar policies can be found here.