Personal Tax - T1 Examples & Case Studies
Real world examples and case studies - Over 40 real tax returns to prepare -- Regular Price $299
CURRENT PROMOTION - ONLY $199 (38 EXAMPLES & CASES)
REGULAR PRICE - $ 299
PUT YOURSELF BEHIND THE DESK OF A MOCK TAX PRACTICE - EXAMPLES & CASES FOR 2016 - 2021 T1 RETURNS NOW AVAILABLE (2022 CASES COMING IN EARLY 2023)
If you have taken an Introductory Personal Tax Course, then you already have the ingredients you need to start preparing personal tax returns. However, it is not enough to just know or be familiar with the tax rules, regulations, slips, forms and schedules. You have to know how to apply them and prepare actual T1 returns. A good chef knows about ingredients, but they are useless unless you use them in dishes. In this course I guide you and show you how to prepare the “dishes” … real world T1 returns.
But that’s not all. Being an effective tax preparer, bookkeeper or accountant not only requires you to know the rules and prepare tax forms, it also means you have to be an effective advisor to your clients. Believe me, if you want to be successful, you have to be a lot more than just a number cruncher. You have to know how the tax system works, and how to explain things to clients about their tax return so that they are comfortable, can understand what you did, and ultimately, come back to you again and again for tax services.
In the case studies section of the course, we not only go through returns, but look at real world conversations, issues and problems clients will have with their returns. I will teach you how to troubleshoot various situations so that you are not caught off guard when you have a client that is confused about their tax return. Helping explain their situation and guide them in the right direction is a vital component to an effective and profitable tax practice.
Start building your tax preparation “chops” by studying some common tax returns and real world situations
In this companion course to the Canadian Tax Academy’s Introductory Personal Tax course, I take you through a number of examples and case studies that will help you hit the ground running in the tax preparation business. It is broken down into 2 sections:
T1 Examples – Primers & Common Scenarios
In this section of the course we begin by getting our feet wet by looking at some very common returns that you will come across in any tax preparation practice or business. I call it the primer because it is a lot like painting a room. You first need to apply a good primer before you lay on the vibrant colours. With these simple returns, you can practice applying the knowledge you learned in your introductory tax course to the most common situations, get to know your way around the tax forms and schedules, and lay the foundation for the more complex returns.
Once we’ve gone through the examples and have a good understanding of how the T1 tax return and schedules work together, we’ll move on to more comprehensive cases and scenarios. In this section, you’ll feel like you are actually running a tax preparation practice and dealing with actual clients. Let me guide show you how to troubleshoot returns and client issues, as well as provide real world advice to help your clients and become a trusted advisor.
Get Behind the Desk of a Mock Tax Practice
2016 – 5 Primer Examples plus 6 Case Studies
2017 – 4 Primer Examples plus 4 Case Studies
2018 – 3 Primer Examples plus 2 Case Studies
2019 – 3 Primer Examples plus 4 Case Studies
2020 – 4 Primer Examples plus 3 Case Studies
2021 - 2 Examples plus 2 Case Studies
2022 - New examples and cases posted by January 31, 2023
In total, you will get hand-on practice with 21 examples and 21 case studies. In other words, you can look at this course as stepping into a tax practice and having 42 client files on your desk.
For additional details on the types of situations that we cover, just scroll down and browse through the course curriculum. You may also be asking whether examples and case studies of previous years are still relevant? The answer is yes. The examples and cases are developed to teach you tax concepts that apply to any year and new rules that came into play (and are still in effect) for those years .
Tax laws and administration have not changed significantly in the personal tax realm over the last few years. Also keep in mind that, believe it or not, many clients will not be up to date with their filing. You will be asked to prepare tax returns of prior years in your tax preparation career.
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.
StartIntroduction to the Case Study T1 tax course (3:19)
StartInformation on the Personal Tax Course offered by Canadian Tax Academy
Start* 2021 PROFILE STUDENT LICENSE * Part 1 - Student Profile registration process online walk-through (4:41)
Start* 2021 PROFILE STUDENT LICENSE * - Part 2 - Notes on registering for the Student version of profile (7:48)
StartSome guidance on how to use this course and what to expect (3:06)
StartHow to get the most out of tax software and how I use it in this course (6:09)
StartCourse materials, navigating the course, refunds & certificates (5:52)
Start** 2021 T1 UPDATE ** - Instruction video on how to access the annual personal tax courses current update (2:16)
StartEntering information for the primer examples (3:04)
Start2016 Primer 1 - Employee with RRSP contributions, donations and medical expenses (12:16)
Start2016 Primer 2 - Single mom with child & spousal support payments (9:45)
Start2016 Primer 3 - Student with tuition transfers to father (10:12)
Start2016 Primer 4 - Employee with employment expenses and tuition from son (15:22)
Start2016 Primer 5 - Family with three children and elderly parent living with them (14:04)