This course provides a refresher on corporate tax fundamentals and concepts related to income measurement, the calculation of taxes payable, and the treatment of more complex income and deduction items. Participants will explore the application of different tax rates to various types of corporate income, including active business income and investment income, as well as key considerations such as deduction limitations, capital cost allowance and immediate expensing, inducements, debt forgiveness, and integration. Emphasizing core principles throughout, the course is designed to enhance participants’ understanding of how these concepts influence corporate tax outcomes and planning.

ADVISORY

This course was previously part of Corporate Tax – Review of Tax Planning, which has since been divided into standalone courses. This modularization approach allows members to choose only the content most relevant to their needs. Here are all the courses that were split from Corporate Tax - Review of Tax Planning. Please note that availability of offerings may vary throughout the year, and some courses are available only in On-Demand format. 

For members who require the complete curriculum, the full Corporate Tax – Review of Tax Planning course remains available in On-Demand format. 

• Practitioners focused on private-company corporate tax who want a structured, practice-oriented review. 
• Professionals seeking to refresh core planning concepts across reorganizations, transactions, and owner-manager matters. 

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

• Describe the more complicated types of income and deductions that are allowable for corporate tax payers 
• Calculate corporate taxes payable and understand when special tax rates may apply to income earned in corporations. 

Topics include: 

• Income measurement and deductions 
• Key limitations 
• Capital Cost Allowance and immediate expensing 
• Inducements 
• Interest and Financing Costs 
• Capital Cost Allowance 
• Terminal Losses 
• Designated Immediate Expensing of Property 
• Surrender/Seizure of Property 
• Debt forgiveness 
• Business Income 
• Personal Services Business 
• Specified investment business, corporate income, partnership income 
• Small Business Deduction Reductions 
• Components of and tax on Investment Income 
• NOTE: this course does not cover the preparation of corporate tax returns. 
  
  

Course Content Created: August 2026

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.