Personal Tax Handbook - Employment Income & Deductions

Tips, tricks and traps on dealing with employment income and deductions on T1 returns

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Module I – Employment Income & Deductions

This is the first module of the Personal Tax Handbook covering employment income and deductions. Without a doubt, this area has been the most frequently reviewed and re-assessed by CRA on personal tax returns over the last few years.

CRA has reported that over two-thirds of reassessments in this area are simply due to preparers not properly applying the T2200 to the tax return. Don’t get caught in this group and help your clients avoid reassessments and penalties for not claiming employment expenses properly.

Each course takes an in-depth deep dive into the most frequently encountered situations and frequently asked

questions in personal tax preparation. Thee course methodology follows a two-stage teaching approach meant to give practitioners the tools required to file tax returns and advise clients on critical tax reporting and compliance matters.

These two stages are:

1. Preparation Tips, Tricks & Traps – Best practices and methodologies on reporting and completing the tax return covering areas that are often overlooked or misunderstood by many practitioners

2. Tax Advisory & Problem Solving – How to deal with common and tricky situations that do not have easy answers or solutions. CRA guidelines and a number of Court Cases are analyzed and presented to help you formulate a filing position that can be defended at the highest level on any tax return you prepare.

This seminar will cover a number of topics, including the following:

  • What happens if a client does not have a T2200? Are they still able to deduct employment expenses?
  • What can we do if an employer refuses to provide a T2200? What is our role as an advisor and preparer in these situations?
  • Are we able to prepare T2200 for clients? Is there any role we can play to help our clients get deductions they may be entitled to?
  • Understanding how to ‘decode’ the T2200 Statement of Conditions of Employment and ensuring that the T777 is being properly filed
  • Overview of the various vehicle allowance and reimbursements and how to properly account for and deduct vehicle expenses on the T777
  • Rules and nuances when claiming home-office deductions on the T777 – it’s not as straight-forward as you think
  • Understanding how the GST/HST Employee Rebate including examples for a salaried and commissioned salesperson
  • Court cases, CRA commentary on various employment expenses including issues on paying an assistant, the problem of “items consumed” when claiming expenses
  • What if a client works from home and has to travel to their employer’s workplace for meetings and other duties? Is the travel from home to work deductible?

This seminar is updated frequently with changes in legislation, CRA documents and guidelines and relevant court cases. This seminar series is developed with the tax practitioner in mind and will be a valuable resource in your personal tax preparation practice. With the growing complexity in the Canadian tax landscape, it is more important than ever to understand how the CRA is assessing and applying existing tax laws.

Join us for this in-depth seminar and master the area of employment income and deductions when preparing T1 tax returns for your clients.

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 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

Frequently Asked Questions

When does the seminar start and finish?
The seminar starts now and never ends! It is a completely self-paced online seminar- you decide when you start and when you finish. There are no physical classes to attend and you can access the content at any time. If you ever forget a concept or just want a refresher, all you have to do is log in and click on the tutorials to watch them again!
How long do I have access to the seminar?
How does lifetime access sound? After enrolling, you have unlimited access to this seminar for as long as you like - across any and all devices you own. Once you register for this course, you will have lifetime access to all the content including all future updates at no additional cost to you (please note that All Access membership subscribers have access to this course for as long as their subscription). As more relevant court cases, CRA guidelines or statutory changes are available, tutorials will be added.
What if I am unhappy with the seminar?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 10 days and we will give you a full refund. No questions asked. However, if a certificate of completion is granted, refunds will not be issued even if it is within the 10 days period. (i.e. you cannot complete the course, be granted professional CPD hours and then request a refund).
What is the structure of the seminar and how is it taught?
The seminar is presented through a series of bite-sized tutorials, similar to the fundamentals courses at Canadian Tax Academy. 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.
How often is this module updated?
The modules are reviewed and updated, where necessary regularly throughout the year to keep up with changing tax legislation. I also update the seminar with any new budget information that is important to the specific module where appropriate. Once you sign up for this module, you will have permanent access to all the tutorials, including updates. This course is evergreen, which means that it teaches you tax concepts that are applicable to any personal tax year.
Is this course eligible for PD credits? Do you issue certificates?
Yes, a certificate of completion will be automatically issued to you once you have watched all the videos in this module. This course provides you with 3.0 hours of CPD which are considered verifiable hours for annual CPA CPD purposes.

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