Chapter 1: Introduction to Instructor
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Introduction (3:10)
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What to Expect in the course.? (3:02)
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Information About Certificate of Completion & Refunds Policy (2:20)
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Tax Software - Introduction (3:14)
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TAX Software- How to Download and Use it Practically (4:48)
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What license is required to practice taxation.? (8:13)
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Difference between Corporation and Personal Taxes (4:30)
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Who Must file tax (5:21)
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Why should everyone file income tax.? (2:49)
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Canadian Income Tax (Introduction) (4:29)
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Deadlines for Tax Filling (1:46)
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Late filling penalties (1:56)
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Interest On Balance Owing (3:45)
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Waive Penalties/Interest For late filling & Delayed payments (3:00)
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How Tax Instalments Works (3:21)
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E-filing / NETFILE Tax Returns (3:04)
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Benefits Of Online Filling (4:35)
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Marginal Tax Rate System (8:37)
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Provincial Tax Bracket (5:44)
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Illustration / Example of Tax Brackets (5:12)
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Tax Deductions and Tax Credits (2:56)
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Illustration of Tax deduction and Tax Credits (5:27)
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Notice of Assessment (4:32)
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Notice of Re-Assessment (5:03)
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Online Tools (2:59)
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CRA Online Services (Systems) (3:50)
Chapter 2: T1 General & All Schedules
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T1 General (Main Federal Tax Form- Introduction and 2010 Form) (10:40)
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Showing T1 General 2023 Version (10:21)
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T1 General (Showing it in Tax Software) (3:20)
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Schedule 2 (Amounts Transferred From Spouses - Common Law Partner) (3:48)
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Schedule 3 (Capital Gains & Losses)- How it Works (8:13)
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Schedule 3 (Principal Residence Disposal) - Complex Topic made Simple (3:16)
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Schedule 4 (Investment Income) (1:16)
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Schedule 5 (Amounts claimed for Dependents (Spouses/ Children/ Other individuals) (2:41)
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Schedule 6 (Working Income Tax Benefits) (4:59)
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Schedule 7 (RRSP Worksheet) (6:35)
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More Complex Issued for RRSP Deduction- Two Situations (8:17)
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Schedule 8 (Canadian Pension Plan Contributions and Overpayments) (4:42)
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Schedule 9 (Donations and Gifts) (3:12)
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Schedule 11- Tuition Worksheet (7:19)
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Schedule 13 (Employment Insurance Premiums on Self-Employed and Other Eligible Earnings) (3:58)
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Schedule 15 (FHSA Contributions) (5:35)
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Provincial Forms & Schedules (All schedules explained in Detail) (4:16)
Chapter 3: T Slips (Most Important Slips in Personal Taxes)
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What is the slip system of Reporting.? (6:17)
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T4 Slip: Statement of Remuneration Paid (7:39)
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T4A Slip- Statement of pension, retirement, annuity , and other income (8:45)
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T4E slip – Employment Insurance and Other Benefits (6:23)
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T5018 – Statement of Contract Payments (3:23)
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T5007- Statement of Benefits- Social Security (Welfare) (2:14)
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T4A(P) &T4A (OAS) Statement of Canada Pension Plan Benefits (3:36)
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T4RSP Slip: Statement of RRSP income (4:25)
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T4RIF-Statement of Income from a RIF (3:36)
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T4FHSA – First Home Savings Account (3:53)
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T3 Slip: Statement of Trust Income Allocation and Designations (6:59)
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T5- Statement of Investment Income (3:27)
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T5013 Slip- Statement of Partnership Income (3:28)
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5008 Slips: Statement of Security Transactions (3:12)
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T2202A- tuition education, textbook amounts certificate (4:16)
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Auto Fill my return (1:25)
Chapter 4: Employment Income & All Complications Related to It.
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Basics of Employment Income. (2:00)
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Things included in employment income (6:09)
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Important Tips for T4’s (Common-Errors) (2:10)
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T4A Slips - SELF EMPLOYED INDIVIDUALS (2:36)
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T4PS –Profit Sharing (1:55)
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Reporting Causal Labour/ Tips and other income (2:54)
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Wage Loss Replacement Plan Reporting (2:54)
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CPP & EI Contributions (6:07)
Chapter 5: Deducting Employment Expenses
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Introduction (3:23)
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Declaration of Conditions of Employment Expenses Form (T2200) (9:00)
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T777 Statement of Employment Expenses (8:10)
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How to claim vehicle expenses for employment income (Illustrative Example) (11:32)
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What if employer pays for vehicle as flat rate or per KM.? (Complex Situation) (10:22)
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How to claim home office expenses for employed Individuals.? (4:21)
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Illustrative Example and more complex cases of Home expenses.? (3:41)
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If the employee has been reimburses for expenses for by Employer (Dealing with Complex T2200 & T777) (29:22)
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Commissioned Salesperson/ Employees (Extra Expenses that are allowed) (4:35)
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Claiming GST/HST (Eligibility) (Process) and Special Topic (3:58)
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Labour Mobility Deduction (For Eligible Tradesperson) (3:13)
Chapter 6: Tax Deductions
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Introduction to other tax deductions (1:51)
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Reporting Pension Adjustments on T1 General (4:16)
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Union Dues and Professional Fee (3:38)
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Pension Income Splitting for seniors - 1032 Election to Split Income (2:13)
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Example of Pension Income Splitting for Seniors and the T1032 Form (2:50)
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RRSP - BASICS
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Where to to find the RRSP Contribution room.?
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RRSP contribution, Rules of Withdrawal, Annual RRSP Contribution Limits.?
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Undeducted RRSP Contributions
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How to Report RRSP Contribution on T1 (illustrative example)
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Where CRA REPORTS UNUSED OR UNDEDUCTED RRSP CONTRIBUTIONS
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Spousal RRSP Contributions - RULES
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Overcontributions to an RRSP & Tax Complications
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Example of Overcontributions to an RRSP (illustrative Example)
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Overcontribution -RRSP- Where to find it.?
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THE HBP (HOME BUYERS PLAN) & LIFE LONG LEARNING PLAN (LLP)
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How to report HBP replayment on T1 Return and Schedule 7
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HBP-Non Payments, Partial Payments and Additional Payments
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Life long learning Plan (LLP) under the RRSP.
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Child Care Expenses - Reporting Child & Spousal Support
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Rules and Eligibility (Child Care Expenses)
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Form for claiming Child Care Expenses (T778)
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Complications with Spousal and Child Support Payments
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Illustrative Example of How to Report Child support Income & Expenses.
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Moving Expenses: Rules, Criteria, & where to Deduct (T1-M) form
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In-Eligible Moving Expenses, Simplified method for travel and Filling out the T1-M Form
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FHSA: Introduction, Where to Report (Schedule 15) and T1 Return
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FHSA REPORTING: WITHDRAWING FUNDS FROM AN FHSA ACCOUNT
Chapter 7: TAX CREDITS
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Introduction, General Information, and Useful Resources
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Difference between Tax Credit and Actual Tax Saving
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Illustrative Example (How Tax credits works in the software)
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Refundable Vs Non-Refundable Tax Credits
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Transferring Unused Tax credits to Spouse/ Parents
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Canada Basic Personal Amount and Canada Employment Amount
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CPP and EI Premiums Tax Credits
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Calculating CPP and EI Overpayment on the T2204 Form
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Dependent Tax Credit: Spouse and Common Law partner
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Amounts for Eligible Dependent Credit
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Canada Caregiver Amount & Including Supplementary Amounts
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Senior Tax Credits: The Age Amount Credit
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Pension income Credit
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Multigenerational Home Renovation Tax Credit
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Student Tax Credits - Interest tax on student loans
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Tuition tax credits and recent changes
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Claiming tuition credits on Schedule 11 (All about tuition credits)
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Family Tax Credits
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Medical Expenses
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Other Available Tax credits
Chapter 8: Business Income (T2125)
Chapter 10: Rental Income & Losses
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What is rental Income.? Difference between Rental and Business Income. (3:29)
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10.2 Where to Report Rental Income (Illustration Using the form) (7:20)
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Rental Expenses (Reporting in the Software) (3:56)
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Rental Losses (How to use rental Loss against other income) (5:08)
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Claim Vehicle Expenses (How to Claim practically) (3:18)
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Selling Your Home - When Part Of It is Rented (4:08)
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Vacation Property How to deal with Rental Income (1:56)
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Capital Cost Allowance (CCA- RENTAL INCOME) (4:11)
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CCA Calculation & New Accelerated Investmetn Initiative (2:50)
