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Corporate Tax Preparation Bootcamp

Intensive Masterclass on T2 Corporate Tax Return Preparation

This is a fast paced course on the preparation of T2 personal tax returns for those who have a good knowledge or understanding of introductory corporate tax concepts. We take the knowledge you have gained from introductory corporate tax courses and put it to work in a “bootcamp” style delivery.

This course is perfect for accountants, accounting/tax students or bookkeepers looking to get into corporate accounting and tax preparation or public practice by helping you see the process of completing a year-end for a typical client file. Corporate tax is a vast topic, so in this course we focus on what is the “bread & butter” of a typical sole practitioner or small firm tax practice … the small business corporation and client.

In the first segment, we take a look at the operations of a working tax practice. Before taking the dive into the world of corporate tax preparation and advisory, you should know what you are getting yourself into. In particular we focus on the differences between personal and corporate tax preparation, software considerations, and the process of gathering information about the client.

In the second segment, we methodically go through the most common forms and schedules you will encounter when preparing tax returns for small business clients and their corporations. We look at the step-by-step instructions on a number of scenarios that will enable you to see how the T2 return is compiled from typical transactions you will encounter with clients. We'll also look at the thought process that you should go through when advising clients and making decisions about a corporation's tax planning (i.e. should you carry back those losses or are there problems? Are there other alternatives? .. as an example of the issues discussed).

In the third segment, we focus on investment income inside corporations and try to break down the complex rules into digestible concepts and components. We focus on them by analyzing the typical transactions you will be required to book for those small business clients who also earn investment income. I take you through all the required investment income forms and schedules you will need to file as part of the T2 return process.

We finish things off by looking at a comprehensive example of a small engineering firm so that you can get a grasp of the process from beginning to end.

In the final segment we switch our focus on the Canada Revenue Agency (CRA) and what you can expect from the tax department when you prepare corporate taxes for small business clients. I take you through the typical review letters received along with the specific areas and accounts CRA is concentrating their review and audit efforts on. This will help guide you by showing you how to navigate through the work load and focus your efforts on these high review areas so you can either avoid the CRA radar map, or easily deal with their requests.

So buckle up and look over the shoulder of a seasoned tax preparer as we tackle all of the above issues in a real-world, tax practice context.

RECOMMENDED PREREQUISITE - The Canadian Tax Academy Introductory Corporate Tax Course or equivalent college/university or industry experience in general corporate tax concepts.


Your Instructor


Ian DiNovo, CPA, CGA
Ian DiNovo, CPA, CGA

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 15 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



Frequently Asked Questions


When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish. You can purchase the course now and watch it at a later date or watch it all in one sitting. It is entirely up to you! There are no physical classes to attend.
How long do I have access to the course?
This course was developed with an "evergreen" approach, meaning that you can apply the concepts to the corporate tax returns for any year you are preparing. After enrolling, you have unlimited access to this course for as long as the content is relevant - across any and all devices you own. This includes all future updates at NO additional fee to you.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund. Please note however that once a certificate has been issued for the course, there are no refunds (i.e. you cannot get a certificate for CPD verifiable hours and request a refund after the fact).
How is the course taught?
The course is presented though a series of bite-sized tutorials. This allows students to do 2 things. First, they can learn the concepts at their own pace. Second, they can come back and easily find a tutorial when they need a refresher. This also allows the instructor to easily update the course when there are changes.
Is this course eligible for PD credits? Do you issue certificates?
Yes, a certificate of completion can be requested once you complete the course. Once we verify that you have actually watched the tutorial videos in our system, we will issue the certificate via email for your records. This course provides you with 5.5 CPD hours which are verifiable hours for CPA PD purposes.
Are there any tests, quizzes or exams?
No. This is not a certification course. It is for your own self-development and will be a valuable asset in your tax arsenal not only now, but in the future as well. There are no tests or exams to pass. All courses at Canadian Tax Academy are for professional development purposes only.

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