2023 Personal Tax Update - Preparing 2023 T1 Returns
Personal Tax Preparation - 2023 T1 - Tax Update and Changes For the 2024 Tax Preparation Season
This is the 2023 Personal Tax Update seminar that is available to students enrolled in the Introductory Personal Tax course here at Canadian Tax Academy. This course will appear in your dashboard once you purchase the introductory course 24 hours of your purchase.
Updates are posted annually and there is no additional charge for annual updates to students.
Scroll to the bottom to this page to see the course curriculum. Don't forget to click the little down arrow to see all the sections of the course. This is a 2 hour webinar. A certificate will automatically be issued at the end of the course.
This course is not available for sale. It is a free service to annual membership subscribers and those who have purchased the Introduction to Personal Tax course here at Canadian Tax Academy
Your Instructor
Ian DINovo is a professional accountant and Director of the Canadian Tax Academy. He has been practicing accounting and offering independent financial and business advice for over 20 years.
He is the creator of a number of courses dealing with business, tax and investment matters that are designed to make difficult topics easy to understand for everyone.
Course Curriculum
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StartIntroduction to 2023 T1 update and overview of Federal Budget 2023 personal tax measures (7:39)
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StartDOWNLOAD COURSE FILES - Course presentation slides in PowerPoint and PDF format
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StartHow to study tax and keep up to date with taxes - Annual process (6:41)
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StartStudying Provincial tax in conjunction with Federal taxes (5:46)
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StartA review of the Federal tax brackets for 2023 and other tax and levies (5:09)
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StartLooking at the Federal nonrefundable tax credits for 2023 and the Taxtips website (5:26)
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StartOverview of the payroll taxes - CPP and EI rates for 2023 and new 2023 rates (3:44)
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StartOverview of the 2023 Employment withholding taxes for Quebec residents (2:59)
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StartOverview of other important numbers for 2023 returns - Automobile rates, RRSP, TFSA. Etc. (5:02)
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StartIn-depth Overview - First Home Tax Free Savings Account - Lifespan and Withdrawals (6:48)
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StartIn-depth Overview - First Home Tax Free Savings Account - Eligibility Contributions (8:39)
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StartIn-depth Overview - First Home Tax Free Savings Account - Transfers and spouses (7:46)
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StartIn-depth Overview - First Home Tax Free Savings Account - Penalties - Death - Non-residents (5:57)
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StartFHSA REPORTING - A review of the new T4FHSA slip (3:05)
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StartFHSA REPORTING - Reporting deductions to FHSA accounts on the Schedule 15 and T1 return (4:01)
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StartFHSA REPORTING - Withdrawing funds from an FHSA account (7:23)
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StartFHSA REPORTING - How do you take money out of your First Home Savings Account (4:51)
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StartResidential Property Flipping Rule and Exemptions (6:14)
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StartMultigenerational Home Renovation Tax Credit - Overview and who can claim (6:16)
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StartMultigenerational Home Renovation Tax Credit -Eligible dwellings and renos (8:08)
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StartSchedule 12 - the Multi-Generational Home Renovation Tax Credit (4:41)
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StartMultigenerational Home Renovation Tax Credit - Example of using the Schedule 12 to determine eligibility (7:44)
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StartCANADA WORKER-S BENEFIT - Overview of the program and the RC210 slip for Advance Payments received for 2023 (5:15)
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StartCANADA WORKER-S BENEFIT - Reporting the CWB prepayment on the T1 Return (7:04)