Course Overview

This intensive 32-hour workshop is designed for business owners, managers, accountants, and finance professionals who seek a deep and practical understanding of Canadian corporate taxation. Navigating the complexities of tax compliance and planning is crucial for corporate success and personal wealth preservation.

The curriculum systematically guides you through the entire landscape of corporate taxation—from fundamental concepts and reconciling book income to taxable income, through to advanced planning strategies involving owner-manager remuneration, corporate reorganizations, and the use of family trusts. Additionally, it covers critical compliance areas like Sales Tax (HST/GST) and Payroll Tax, with practical insights into using software like QuickBooks for efficient tax management.

You will learn from Ping Wang, CPA Auditor, CA, MTax, a distinguished professional whose expertise bridges the gap between complex tax theory and real-world application. This course blends rigorous knowledge with actionable strategies, empowering you to make informed decisions, ensure compliance, and implement effective tax planning for incorporated businesses.

Key Details

• Duration: 32 Hours of In-Depth Training

• Investment: $979 CAD (Tax Included)

• Format: [Zoom Live]

Your Instructor: Ping Wang, CPA Auditor, CA, MTax

• Elite Credentials: Holder of Canada’s highest accounting credential, CPA Auditor, CA, and a Master of Taxation (MTax) from the University of Waterloo.

• Proven Industry Expertise: Over 17 years of extensive Canadian professional experience, including leadership roles in finance for a US publicly listed company.

• Trusted Advisor: Founder of a renowned public accounting firm, bringing real-world, practical insights from serving a diverse clientele.

Course Curriculum (32 Hours)

Module 1: Income Tax: Core Concepts for Corporations (3 Hours)

• Fundamentals of the Canadian corporate tax system and key terminology.

• Understanding federal and provincial tax jurisdictions and filing requirements (T2).

Module 2: Owner-Manager Tax Planning Strategies (4 Hours)

• Tax-efficient profit extraction: salary vs. dividends.

• The Small Business Deduction (SBD) and planning for passive investment income.

• Navigating the Tax on Split Income (TOSI) rules.

Module 3: Reconciliation: Accounting Net Income to Taxable Income (3 Hours)

• A practical walkthrough of Schedule 1 (T2).

• Calculating permanent and timing differences (e.g., CCA vs. depreciation).

Module 4: Sources of Taxable Income (2 Hours)

• Categorizing income: active business, investment, property, and capital gains.

• Understanding the Capital Dividend Account (CDA).

Module 5: Sales Taxes (HST/GST) (3 Hours)

• Registration, calculating net tax, Input Tax Credits (ITCs), and compliance.

Module 6: Payroll Taxes & Compliance (4 Hours)

• Accurate calculation of CPP, EI, and income tax deductions.

• Completing T4s, ROEs, and remitting to the CRA.

Module 7: Corporate Reorganization & Restructuring (4 Hours)

• Tax-deferred rollovers (Sections 85, 86) and incorporating a business.

• Strategies for share capital reorganization and planning for a business sale.

Module 8: Utilizing Family Trusts for Tax & Estate Planning (3 Hours)

• Structure, income splitting strategies, and estate planning using trusts.

Module 9: Practical Application with QuickBooks & Client Communication (3 Hours)

• Configuring QuickBooks for tax reporting. Learn how to communicate effectively with your accountant for a collaborative, winning relationship.

Module 10: Administration & Compliance Review (3 Hours)

• Managing CRA disputes, penalties, and record retention. Comprehensive review and Q&A.

Who Should Attend?

• Small and Medium Business Owners

• Chief Financial Officers and Financial Managers

• Bookkeepers and Accounting Staff

• New Canadian Accounting Professionals

• Entrepreneurs considering incorporation

Investment in Your Professional Development

For an all-inclusive price of $979 CAD, you gain 32 hours of expert-led training that provides the knowledge and strategies to potentially save your company thousands of dollars in taxes and avoid costly compliance errors.