Canadian Taxation Course Overview
ICT Business Academy presents its Canadian Taxation Course, a specialized programme tailored for professionals in Pakistan who aspire to work in international taxation. This practical, hands-on training prepares participants for real-world tax filing, with a particular focus on the Canadian T1 Income Tax and Benefit Return. You will gain a thorough understanding of Canadian income tax laws, eligibility criteria, tax brackets and reporting obligations, and learn to calculate and apply tax credits, deductions and benefits in compliance with Canada Revenue Agency (CRA) guidelines.
Payment Plans
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Course Outline
T1 Foundations, CRA Systems & Client Onboarding
This module covers CRA website navigation & personal tax return benefits, Canadian personal tax checklist & T1 General Jacket overview, NETFILE workflows using CRA-certified software (GenuTax), Federal and Ontario personal tax brackets.
Client Identification & Income Tax Slips Analysis
This module covers T1 ID page completion & client information setup, Analysis of CRA slips: T4, T4A, T4A(OAS), T4A(P), T4E, T4RIF, Analysis of CRA slips: T5, T5007, T5008, T5013, T5018, T3, T4RSP.
Employment, Pension & Registered Accounts (RRSP/TFSA)
This module covers Employment income returns (Single Canadian resident), Tax return preparation with slips: T4, T4A, T4E & T4RSP, RRSP contribution room calculation & TFSA contribution scenarios.
Investment, Pension & Retirement Income Reporting
This module covers Returns with investment/pension slips: T5, T5008, T5013, T3, T4A(OAS/P), Handling T4RIF slips & key differences between T4RIF and T4RSP, TaxPrep T1 hands-on practice cases.
Rental Income, Self-Employment & Deductions
This module covers Rental income returns, CCA classes, and CAPEX vs OPEX distinction, Self-employed returns with motor vehicle CCA & home office criteria, GST/HST return filing thresholds.
Combined Spousal Returns, Credits & Family Benefits
This module covers Spousal returns with CCB, child care, ONBEN, T777 & T2202 forms, Spousal returns with medical expenses & charitable donations, Pension income splitting using Form T1032.
Real Estate Dispositions & Foreign Income Reporting
This module covers Reporting sales of principal residences & residential rental properties, Foreign income reporting & Foreign Tax Credits (FTCs) working, Foreign rental income & filing Form T1135 (Foreign Property Return).
Immigrants, Emigrants, Non-Residents & CRA Audits
This module covers Tax returns for entering Canada (Newcomers) & leaving Canada (Deemed Disposition), Non-resident rental income returns & NR4 tax slips, Filing NR73, NR74, and NR6 forms, Handling CRA review/audit replies & compliance defense.
T3 Trust & Estate Income Tax Returns
This module covers T3 Trust return overview, checklist & T3 Jacket walkthrough, CRA T3 Guide compliance & preparation rules, Preparation of T3 Trust/Estate returns for deceased individuals.
T2 Corporate Fundamentals & Client Identification
This module covers CCPC definitions, benefits & corporate tax filing checklist, T2 General Corporate Return Jacket & Certificate of Incorporation review, ID Page setup & GIFI codes: 100, 101, 125, and 50.
GIFI Financial Reporting & Tax Brackets
This module covers Prior year Notice of Reassessment (NOA) review, Reporting GIFI 125 (Income Statement) & GIFI 100 (Balance Sheet), GIFI 141 (Notes Checklist) & Federal/Ontario corporate tax brackets.
Newly Incorporated Entities & Accounting Integrations
This module covers Tax return preparation for newly incorporated corporations, GIFI 140 tax provisions & booking accounting entries in QuickBooks Online (QBO), Five-Year Comparative Summary (SUM 5) analysis.
Industry-Specific T2 Filings & Tax Schedules
This module covers IT Corporations: Schedule 8 (Capital Cost Allowance) & Schedule 1 (Net Income Reconciliation), Retail Corporations: Schedule 3 (Dividends), GIFI 3849 & Eligible vs Non-Eligible Dividends, E-Commerce Corporations: Part I Tax, Small Business Deduction & Schedule 7 (Passive/Investment Income), Schedule of Installment Remittances & advance tax payments.
Frequently Asked Questions
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