Small growing, and mid-sized companies face a broad array of income tax, GST/HST and related compliance issues. The penalties or tax costs of failing to meet these compliance requirements can be severe. This seminar will help controllers of private companies stay current on a broad array of income tax, GST/HST and related compliance issues. It covers a range of topics at a general level with specific examples, cases and practical problems.

Controllers in small to mid-sized private companies have a wide range of responsibilities which can either have an impact on taxation or require tax related reporting.  This five-part course is compliance oriented with high level review of a wide range of issues and focus on issue identification. This course includes a review of the basic income tax and HST/GST requirements for human resources, purchases, sales, capital assets and financing issues.  Also included is a high-level review of the basic rules for taxable income, basic corporate group issues, alternative entity structures and reporting requirements. 

GST/HST is covered at a basic level. Detailed GST/HST topics and industry specific material are beyond the scope of this course. There is no provincial tax material included in the course.

• identify the basic income tax and GST/HST compliance requirements for human resources, sales, and purchases
• describe the basic requirements for income tax deductibility and the entitlement to GST/HST input tax credits
• summarize the income tax and GST/HST considerations for capital asset additions and disposals including the related financing issues
• identify income tax and GST/HST issues that may require additional research

• Part 1 – Overview
  • basic income tax and GST principles
  • overall reporting requirements and due dates
• Part 2 – Human Resources Issues
  • payroll compliance
  • taxable benefits and allowances
  • employees vs independent contractors
• Part 3 – Purchasing and Sales
  • purchasing issues, including limitations on deductions, GST/HST and ITC credits, and purchases from non-residents
  • domestic sales issues, including GST/HST registration, reporting periods, place of supply, and bad debts
  • sales to non-residents, including export sales, GST/HST, Canada- U.S. Tax Treaty
• Part 4 – Capital Assets, Financing, and Automobiles
  • capital assets and real property issues, including capital vs operating expenses, purchase issues, CCA, GST/HST issues, change of use, and dispositions
  • financing issues, including expenses in respect to equity, interest and debt, and leasing vs. purchasing
  • automobiles, and issues for employees who require an automobile to perform their duties
• Part 5 – Corporate Taxes, Related Groups, and Alternative Structures
  • basic items for CCPC income tax, including a basic review of key small business deduction issues, income tax filing requirements, due dates, and penalties
  • related group issues, including key income tax relationships that are related, associated, and affiliated; key GST/HST relationships that are closely connected and associated; shareholder agreements and related issues; and domestic transfer pricing
  • key GST/HST relationships that are closely connected and associated; shareholder agreements and related issues; and domestic transfer pricing
  • alternative structures, including corporations, partnerships, joint ventures, and trusts

Course Content Created: October 2025

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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.

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