2024 Personal Tax Update - Preparing 2024 T1 Returns
Annual Tax Update Seminar For the 2025 Tax Preparation Season
This is the 2024 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 within 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 3 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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StartDOWNLOAD COURSE MATERIAL - PowerPoint Slides and PDF's of Presentation
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StartIntroduction to 2024 T1 update and how this update course is developed and presented (7:46)
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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 2024 and other tax and levies (4:41)
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StartUsing tax software to review and study tax changes annually - Experiment (6:38)
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StartLooking at the Federal non-refundable tax credits for 2024 and the Taxtips website (5:15)
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StartOverview of the payroll taxes - CPP and EI rates for 2024 returns (4:47)
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StartOverview of the 2024 Employment withholding taxes for Quebec residents (3:01)
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StartComparing the top marginal tax rates by Province for 2024 (3:35)
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StartOverview of other important numbers for 2024 returns - Automobile rates, RRSP, TFSA. Etc (4:44)
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StartOverview of the 2024 Federal budget and what it means to personal tax practitioners (2:13)
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StartIncreases to the Firefighters and Search and Rescue Volunteer Firefighters credit (2:26)
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StartChanges to the Canada Child Benefit credit due to death of children (3:27)
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StartIncrease to borrowing limit for RRSP Home Buyer-s Plan (3:03)
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StartConsultation requested from stakeholders on qualified investments in registered accounts (4:26)
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StartCanadian Entrepreneurs’ Incentive - Program details and conditions (8:16)
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StartIncrease to the Lifetime Capital Gains Exemption on QSBC shares (2:36)
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StartCCA PROGRAM PHASE-OUTS- The phase-out of the AIIP rates starting in 2024 (3:59)
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StartCCA PROGRAM PHASE-OUTS - Phase-out of the immediate expensing rules for 2024 (4:00)
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StartCRA demands for information are being strengthened and given more teeth (6:50)
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StartCurrent status of the capital gains legislation and what CRA and software companies are doing (4:27)
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StartThe biggest change for 2024 and future years - Increase in capital gains inclusion rate (7:02)
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StartThe hard numbers - How much of a tax increase are we really talking about across the Provinces (3:59)
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StartWho will be affected by this new increase to the inclusion rate (5:43)
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StartPotential strategy for claiming the lower inclusion rate with a reserve (6:17)