5770 Hurontario St Suite 102, Mississauga, ON L5R 3G5
647-276-7150

Corporate Tax (T2) Course

Bridge the Gap Between Knowledge and Application with Our Professional Corporate Tax(T2) and Accounting Course.

 

Whether you’re starting in your accounting career, looking to transition between fields, or just plain curious, it’s important to define corporate accounting. 

Corporate accounting deals with business aspects that have to do with money — which can include almost anything.

In a small firm, corporate accountants may handle all the accounting tasks, while a larger company may employ a staff of corporate accountants to split the work.

If Corporate Accounting is your most complex area of understanding in accounting, then worry not - This course will make it simple and easier for you!

We give practical corporate tax and accounting training on an extensive scale that enhances your accounting skills and makes your work environment ready in the fast-paced world of the corporate accounting sector.

Course Overview:

Aimed at financial, tax, accounting, and investment professionals, this introductory course is designed to give you an understanding of the conceptual structure of the Canadian Corporate Income Tax Act and its administration. The course covers the key elements of taxation and accounting for corporations. This course serves as an introduction to the preparation of a corporate income tax return and financial statements for a small business operating under a corporate structure as a Canadian Controlled Private Corporation (CCPC).

The course in Corporate Income Tax Preparation and Accounting responds to the need to prepare students to help Canadian individuals and businesses to fulfill their tax obligations honestly and on time. There is a pressing need to prepare knowledgeable tax professionals to fill leadership roles in tax management.

Basic principles of tax planning and compliance with relevant tax legislation and regulations are stressed in the program. The course will provide opportunities to master the new Canada Revenue Agency (CRA) technologies that are significantly challenging to individuals and businesses.

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Who Will Benefit:

This course will benefit both students and professional accountants who wish to expand or update their Canadian Corporate tax and accounting knowledge.

  • Job-seeking students:

The course will benefit students who are applying for entry-level positions and are looking to put some relevant experience and technical skills on their resumes. If you are a student of corporate tax and accounting and working towards growth in this career, then this course is intended to fill in the gap between the tedious theory and the real world.

  • Professionals Accountants:  

The course will benefit you if you are already a professional and are looking to enhance your career. This course will serve as a good refresher and provide all the necessary guidance and skills to make the jump.

  • Bookkeepers interested in offering T2 returns services:  

The course will benefit you if you are a bookkeeper and want to start offering T2 corporate tax return services. You probably deal with many accountants on year-end T2 tax planning and work. Why not do the T2 tax returns yourself, or at the very least be able to keep up with those accountants and know what’s going on?

  • Start-ups looking to offer tax preparation services

The course will benefit you if you want to start your own tax preparation side business. This course is their first step.

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What You'll Learn

Go advance in your taxation practice with our world-class skills training and support. Canadians are discovering a challenging and rewarding career in corporate tax and accounting.

In this course, I take you through the step-by-step process of preparing the Corporation T2 tax return with a focus on Canadian small business accounting. This course deals with practical issues and deals directly with the layout of the corporate tax return, the forms, and the schedules utilized in the preparation of such returns. Some of the things you’ll learn are:

  • Learn about the types of corporations you will deal with in practice.
  • Best practices for corporate financial statements
  • How to prepare business statements
  • Fundamentals of Canadian Corporate Income Tax
  • How to prepare a full set of corporate tax returns and various schedules/forms.
  • How to prepare and file GST/HST returns for business
  • How to prepare payroll and T4 slips
  • How to get a new T2 client on board and prepare a T2 return
  • How to prepare a Corporation Tax Return T2
  • How to prepare a corporate tax return T2 from start to finish.
  • How to report capital gains and losses on the disposition of capital property
  • How to record capital dividends and determine the capital dividend account (CDA) balance 
  • How to record additions and dispositions of capital assets and calculate capital cost allowance( CCA)
  • How to request tax loss carryback/forward & tax loss continuity of net capital losses & non-capital losses
  • How to record additions and dispositions of eligible capital property and calculate CEC
  • How to account for investment income i.e. interest income, rental income, and foreign income
  • Preparation of corporate GIFI, RSI
  • How to account for related parties in profile tax, i.e. Parent/Subsidiary relationship, control, association, sharing of SBD limit 
  • How to report dividends received from a connected and non-connected corporation 
  • Learn the allocation of income to two or more provinces
  • Understand stock options and benefits
  • Learn the mechanism of the foreign property reporting requirement
  • How to make a file audit-proof
  • How to account for business, rental, and investment losses
  • How to anticipate reasonable expectations of profit
  • Understand severance package and implications and rollover to RRSP
  • Understand the advantages and disadvantages of incorporating a business
  • Learn about Canadian tax attribution rules.
  • Learn how to E-File and NetFile your tax returns
  • Learn about several ways of performing tax planning 

The case studies included in this course include the preparation of corporate tax returns for the current year. This course contains all known changes that will apply to future years.

Why Choose Us?

We are proud to offer you the most interactive, hands-on practical training available today. 

Our Income Tax T2 course, available live online from anywhere or in person, will build on your existing tax preparer skills to tax expert level. You’ll learn everything about corporate income taxes that you need to know as a tax expert while building your new and advanced skills through regular hands-on exercises, one-on-one mentorship, and interactive lessons. 

In our course, you will learn what it would take years to learn on your own!

You will learn from an industry expert who is a master of Canadian Income Tax T2. Our course will set you up with Income Tax skills including a clear understanding of Canadian Income Tax rules and regulations, the T2 Corporation Income Tax Return form, different types of Corporations, the SBD, Salaries or dividends for owner-manager, eligible or ineligible dividends, GRIP and LRIP, active business Income and Investment Income, GIFI Codes, Integration with QuickBooks, Preparing Schedules 125, 100, 141, Schedules related to T2 Forms, and much more…

This course is the first step in your corporate taxation and accounting career, a proven program that will transform you from a beginner accountant to an expert corporate tax and accounting consultant, fast!

Feel Free To Call Us

We’re always ready to listen to your needs and would like to talk about how we can help to grow, it’s depending upon your skills, interest and training level.

We offer students and immigrants an invaluable course to help them land their next job with ease! The training covers accounting, bookkeeping, taxes, and more - all designed for your success.
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