Participants will develop a practical, end-to-end understanding of Canadian personal tax return preparation, from residency and income characterization through credits, computations, administration, and provincial considerations. Participants will also learn to identify planning opportunities that commonly arise during T1 preparation and to validate tax software outputs.

Most tax practitioners will gain significant insight from this course with the following groups of professionals acquiring the most benefit: 

• Professionals building on foundational knowledge who prepare or review T1 returns. Practitioners that require an understanding of issues that may arise in personal tax return preparation.
• Practitioners seeking a structured refresher on compliance with practical planning touchpoints.

• Identify and evaluate issues that impact personal income tax filings, including residency, source rules, and reporting requirements. 
• Analyze income and deduction items across employment, business, property, capital transactions, and other common areas to determine appropriate T1 reporting. 
• Assess planning alternatives available during return preparation and document the rationale for selected treatments. 
• Validate the reasonableness of tax software results and reconcile them to underlying computations. 

• Liability for Canadian tax: residency determinations, taxable income scope, and administrative positions. 
• Employment income: employment vs. self-employment, taxable benefits and allowances, automobile benefits, stock options, and key deductions. 
• Retirement and registered plans: OAS/CPP, RRSP/RRIF mechanics, pension splitting/divisions, HBP/LLP, and over-contribution considerations. 
• Property income and shareholder issues: dividends (eligible/non-eligible), shareholder benefits/loans, interest accrual rules, and attribution. 
• Capital gains/losses: ACB mechanics, deemed dispositions, principal residence exemption, QSBC/QFFP/other exemptions, and AMT touchpoints. 
• Business income and deductions: general principles vs. specific limitations, CCA (including acceleration/expensing), automobiles, interest rules, and reserves. 
• Other income/deductions & credits: support, moving, childcare, medical, tuition, donations, disability, and key refundable/non-refundable credits. 
• Computation, administration, and provincial items: rates/credits, foreign tax relief, alternative minimum tax, filing/assessment/reassessment, penalties/interest, disclosure, and provincial variations. 

Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns. 

In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.

Live Webinar FAQs can be found here.  

Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.