Corporate Tax Training Course (T2 Training Course)
Every Corporation in Canada, whether it is small Business Incorporation, Manufacturing Company, Consulting Company, Dentist Company or a Not for Profit Organization etc. have to file their Annual Corporate Income Tax Return T2.
The T2 Corporate Tax Return preparation and filing is not as simple as T1. As an individual, we always come across with our own T1, T1 Income, Taxes and Credits and its filing. Whereas in the case of T2, for most of us it is always a grey area, new concept or learning or a field of gaining knowledge, where most of us want to be an expert.
T2 Return Training / Corporate Tax Return Training – A thorough Learning and Training process:
It is important to understand the significance of proper and thorough learning as well as getting hands on training of ‘T2’.
Understanding the significance and importance of T2 Training for our trainees / learners /students, we have designed and modeled our T2 training program in such a way so that anyone getting this training can get the in-depth knowledge of Corporate tax as well as hands on training experience without even having any accounting background.
Our T1 and T2 Returns Training Program Strength:
At AccountTax Pros, we have designed our corporate tax training course and t1 and t2 returns training, with a combination of explaining the significant topics by way of PowerPoint presentation and hands on training in preparation / corporate tax retutn filing.
The Hands on Training starts with a simple scenario followed by different scenarios like Loss making Company, Inactive Company, Investment Company, Dividend Declaration etc. covering the complex scenario / case models to help the learners / trainees to become an expert of T2 return filings.
One to One Training: Our one to one training coupled with the option of in-person or online training model help us in focusing on our student / trainee to maximize and strengthen their knowledge and make help them to become a skillful and professional T2 Tax Return Filer.
The Training shall cover the following major topics:-
- Sources of Income of Corporation
- Business / Professional Income,
- Property Income,
- Investment Income including Interest and Dividend
- Capital Gains and Losses
- Non Capital Losses
- Business Investment Loss etc.
- Allowable vs. non allowable Expenses
- Taxability of different types of Incorporations – CCPC, Other Private Incorporation, General, M&P Inc. etc.
- Carry back and Carry Forward (treatment) of various types of Losses
- CCA
- Abatements from Federal Tax – Small Business Deduction
- GRIP and LRIP Balances
- RDTOH Pools
- Capital Dividend
- Owner-Manager Payment Options (Salary Vs. Dividend)
- Investment Tax Credit and SR&ED Credit
- Other
Hands on Training under different Scenarios:- Hands on Training along with explanation of various different terminologies / inputs / information used in T2
- Scenario 1 - Simple Case Study to explain the T2 and flow and Impact of Information Inputs
- Scenario 2 - Case Study covering Single and Multi jurisdiction Incorporation’s Tax Simulation
- Scenario 3 - Loss making Incorporations – (including Carry back and Carry forward of Losses)
- Scenario 4 - Investment income covering Interest Income, dividend (Eligible and Non eligible Dividend) including Dividend Refund system and GRIP /LRIP balances
- Comprehensive Example
Major Schedules covered:-
GIFI – Schedule 100, Schedule 125, Schedule 141
Schedule 101
Schedule 1
Schedule 2
Schedule 3
Schedule 4
Schedule 5
Schedule 6
Schedule 7
Schedule 8
Schedule 21
Schedule 23
Schedule 27
Schedule 50
Schedule 53
Schedule 88
Schedule 89
Form T2054
T2 - Corporate Tax Training Course Duration and Trainer:
(One to One T2 Return Training Course online or in-person)
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Course Duration & Fee (5 Case Studies / Scenarios) |
8 Hours (Normal) - Course Fee $700 One to One training (online or in-person) |
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Crash Course & Fee (Fast and Short duration) (2 Case Studies / Scenarios) |
4 Hours - Course Fee $400 (preferred only if having some Accounting background) One to One training (online or in-person) |
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About the Trainer |
The course would be conducted by a CPA having versatile experience in the field of Accounting, Personal Tax, Corporate Tax, Payroll, Management and Audit. |