Corporate Tax - SBD and Private Corporate Groups (On-Demand - CPA PRO)
Overview
While the small business deduction reduces the amount of income tax payable for many corporations, the myriad of rules and regulations and recent changes has significantly expanded the complexity. These changes have substantially increased challenges for accessing the small business deduction, rendering it one of the more complex provisions in the Income Tax Act (“ITA”) that is commonly used by most practitioners.
Access expires 180 days from purchase date |
Course Description
This course includes a thorough and detailed discussion of association issues from basic to advanced issues.
This seminar does not include a review of Section 55, Safe Income or GST/HST as additional courses on these topics are available.
This course includes a significant time spent on in class exercises and cases.
Applicable for
Learning Objectives
- Describe the basic types of relationships between corporations in the ITA
- Apply the related and associated corporation rules in the ITA to private corporate group structures
- Identify situations where the specified partnership income and specified corporate income rules will apply
- Evaluate the impact of taxable capital and investment income on the available small business deduction
Content
- The small business deduction – requirements and basic rules
- Small business deduction limit reductions – taxable capital and passive income grinds
- Basic related, association and affiliated rules and their impacts, including deemed association
- The impact of partnerships in the group, including specified partnership income rules
- Specified corporate income rules
- Part IV tax between private corporations
- Use of trusts in a corporate group
Course Content Created: October 2025
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 While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur.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.Presenter
Jennifer Reid, CPA, CGA, TEPAbout 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
- 9
- 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.
Corporate Tax - SBD and Private Corporate Groups (On-Demand - CPA PRO)
- 9
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
While the small business deduction reduces the amount of income tax payable for many corporations, the myriad of rules and regulations and recent changes has significantly expanded the complexity. These changes have substantially increased challenges for accessing the small business deduction, rendering it one of the more complex provisions in the Income Tax Act (“ITA”) that is commonly used by most practitioners.
Access expires 180 days from purchase date |
Course Description
This course includes a thorough and detailed discussion of association issues from basic to advanced issues.
This seminar does not include a review of Section 55, Safe Income or GST/HST as additional courses on these topics are available.
This course includes a significant time spent on in class exercises and cases.
Applicable for
Learning Objectives
- Describe the basic types of relationships between corporations in the ITA
- Apply the related and associated corporation rules in the ITA to private corporate group structures
- Identify situations where the specified partnership income and specified corporate income rules will apply
- Evaluate the impact of taxable capital and investment income on the available small business deduction
Content
- The small business deduction – requirements and basic rules
- Small business deduction limit reductions – taxable capital and passive income grinds
- Basic related, association and affiliated rules and their impacts, including deemed association
- The impact of partnerships in the group, including specified partnership income rules
- Specified corporate income rules
- Part IV tax between private corporations
- Use of trusts in a corporate group
Course Content Created: October 2025
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.Presenter
Jennifer Reid, CPA, CGA, TEPAbout 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.