Income Tax - Partnerships (On-Demand - CPA PRO)
Overview
This course highlights the manner in which partnerships and their partners are taxed, with reference to the relevant statutory provisions, case law and CRA administrative positions. The course provides participants an overview of the “what” and “why” issues in preparing returns and prepares participants to better advise clients with or considering partnership structures.
Access expires 180 days from purchase date |
Course Description
Applicable for
Learning Objectives
- describe tax concepts and rules applicable to partnerships
- analyze the computation of partnership income and partnership ACB
- identify potential planning opportunities or traps for members of partnerships
Content
- creating legally effective partnerships
- tax treatment of income and losses
- calculation of ACB of partnership interests
- transferring property to partnerships
- dissolving partnerships
- at-risk rules and their impact on income, losses and ACB
- GST and partnerships
Course Content Created: October 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenters
Will House, JDSamuel Lau, CPA
Jasvin Singh Sethi, CPA
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
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Income Tax - Partnerships (On-Demand - CPA PRO)
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
This course highlights the manner in which partnerships and their partners are taxed, with reference to the relevant statutory provisions, case law and CRA administrative positions. The course provides participants an overview of the “what” and “why” issues in preparing returns and prepares participants to better advise clients with or considering partnership structures.
Access expires 180 days from purchase date |
Course Description
Applicable for
Learning Objectives
- describe tax concepts and rules applicable to partnerships
- analyze the computation of partnership income and partnership ACB
- identify potential planning opportunities or traps for members of partnerships
Content
- creating legally effective partnerships
- tax treatment of income and losses
- calculation of ACB of partnership interests
- transferring property to partnerships
- dissolving partnerships
- at-risk rules and their impact on income, losses and ACB
- GST and partnerships
Course Content Created: October 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenters
Will House, JDSamuel Lau, CPA
Jasvin Singh Sethi, CPA
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
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.