This course provides a high-level overview of the calculation of personal taxes, with a focus on the role of tax credits and the impact of alternative minimum tax (AMT) on overall tax payable. Participants will revisit key concepts related to common credits and foreign tax relief, while gaining a clearer understanding of how these elements interact in determining final tax outcomes. The course emphasizes core principles to support informed planning and decision-making. 

ADVISORY

This course was previously part of Personal 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 Personal 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 Personal Tax – Review of Tax Planning course remains available in On-Demand format. 

• Professionals involved in personal tax who want a structured refresher on planning concepts. 
• Practitioners supporting individuals, family trusts, and owner-managers seeking up-to-date, practical guidance. 

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

• Describe the calculation of taxes and the various tax credits including the application of alternative minimum tax and the impact on taxes payable. 

Topics include: 

• Personal and family tax credits including Canada employment credit, CPP and EI contributions tax credit, transfer of tax credits to a spouse and federal personal alternative minimum tax  
• Home accessibility tax credit, Adoption expense tax credit, new home buyers tax credit  
• Tax credits for tuition and student loan interest, tuition fees and Canadian training credit  
• Medical expenses tax credit  
• Donations  
• Volunteer firefighter tax credit and search and rescue volunteer tax credit  
• Contributions to federal political parties  
• Labour-sponsored funds tax credit, investment tax credits, foreign tax credits  
• Refundable tax credits, refundable goods and services tax credit, Federal clawback of OAS, tax relief on retroactive lump-sum payments  
• Tax on split income (“TOSI”)  
• Income earned or not earned in a province 
• Note: this course does not review the detailed preparation of a personal tax return. 
  
  

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.