
Preparing Canadian Income Tax Returns - Introductory Course
Fundamentals of Personal Tax - 20+ Hours of Video Instruction -- Regular Price $399.
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CURRENT PROMOTION - ONLY $ 229
REGULAR PRICE - $ 399
All future updates are included in this one time fee - The course is updated annually at no additional charge to students
** UPDATED FOR 2022 T1 TAX RETURNS **
USE IT AS A VALUABLE TAX RESOURCE ALL YEAR ROUND - THE INSTRUCTIONAL APPROACH USED IN THIS COURSE IS EVERGREEN. WE TEACH YOU ABOUT PERSONAL TAX & PREPARING T1 RETURNS, REGARDLESS OF THE YEAR YOU ARE PREPARING.
CPD HOURS FOR THIS COURSE - 20 VERIFIABLE HOURS FOR CPA CPD PURPOSES
SCROLL DOWN THIS PAGE TO SEE THE FULL CURRICULUM (CLICK THE DOWN ARROW TO EXPAND THE BOX) & TO WATCH PREVIEWS OF VARIOUS TUTORIALS IN THE COURSE
Preparing personal tax returns can seem pretty complicated. And, to be honest, Canadian Tax definitely can be. But, did you know that if you study & learn about 20% of Canadian tax law, you will be able to prepare about 80% of personal tax returns? Most Canadians have relatively simple tax matters. With the help of the Canadian Tax Academy, you will be able to complete your own tax returns, or the tax returns for your family or tax clients, with ease.
You will learn everything you need to know to prepare the majority of tax returns you will come across.
In this course, you will be able to look over the shoulder of a professional CPA CGA with over 20 years of tax preparation experience, and thousands of tax returns under his belt. Better yet, he will provide you with the practical, real-world examples and issues that you will encounter in your everyday life and practice.
Leverage your tax theory, with hands-on experience. The best part of all is that there are …
NO assignments, NO tests, NO quizzes. Take this course to learn AT YOUR OWN PACE. The Canadian Tax Academy Beginner Tax Preparation Course is designed for those people who want to learn about personal taxes but don’t want the burden of having to attend in class lectures. At Canadian Tax Academy you can learn at your own pace and log on anytime you like. Once you purchase a course, you will have lifetime access to the material. It's not only a current course, it's a lifetime tax resource.
… also of huge benefit to you is …
The course is taught to you in bite sized tutorials. Watch the course in its entirety or only those tutorials that apply to your situation or your client.. If things change in the future, just come back, log in and study the content that you need to know for your new situation. It’s dead easy to find the tutorials that relate to what you’re looking for.
So whether you want to learn about tax to minimize your tax liabilities and save a few bucks for your family, or if you want to begin your journey in the rewarding field of personal income tax preparation, then you have come to the right place.
LIFETIME ACCESS TO OVER 20 HOURS OF CONTENT IN 250+ VIDEO TUTORIALS
- How the Canadian Tax System is set up and how it works
- Detailed tutorials about all the forms and schedules on the T1 tax return and how to fill them out
- Thorough explanation of all the T-slips that you will receive along with how to report them properly
- How to claim and report the different types of income: Employment, Investment, Rental & Retirement
- A FULL unit on Business income which you normally have to pay for separately with other tax courses
- Tutorials and instruction on all of the major tax deductions and tax credits
- Plus much more
WHO THIS COURSE IS FOR:
This course was developed with a number of students and professionals in mind:
1. The CPA Student – If you are a student in tax and accounting and working towards your CPA designation, then this course is intended to fill in the gap between the tedious theory and the real world . You’ll quickly come to realize when you get into the work world that they are vastly different. This course helps you become job ready so that you’ll be able to impress those managers and partners at the firm you work at by hitting the ground running with personal T1 returns. Think of this as the missing Accounting Firm manual that they don’t “put in the box”.
2. The Professional Looking To Get Into Public Practice or Tax Preparation – If you are already a professional and perhaps looking to change your career and start preparing tax returns, then this course will serve as a good refresher and provide necessary guidance and skill to make the jump.
3. The Bookkeeper Looking To Build Their Business – If you are a bookkeeper, you already have your hand on the pulse of your clients. You probably deal with a number of accountants on year-end personal tax planning and work. Why not build your own “T1 Chops” and either do the returns yourself, or at the very least be able to keep up with those accountants and know what’s going on?
4. Accounting Firms Looking For T1 Training Options – Do you run or manage an accounting firm and find it hard to find time to train that new and fresh T1 staff? Well, look no further as this course can take care of that for you. 24/7 access to all the course tutorials so your staff can find answers to questions easily without having to eat up senior staff time.
5. Professionals looking for verifiable CPD hours - The courses at Canadian Tax Academy are verifiable hours for CPD reporting purposes. Upon completion of a course, you may request a certificate. The certificate will be emailed to you once we have verified that you have watched all the tutorials
Frequently Asked Questions
Course Curriculum
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PreviewWelcome to the Personal Tax Course! Take at your own pace and keep coming back for refreshers (2:34)
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StartThe teaching approach and learning methodology for this course (4:57)
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StartHow the course is laid out and how to navigate the system (6:09)
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StartAsking the right questions and what I cannot answer (3:26)
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StartAdministration - Course Payments, Refund policy, certificates of completion (3:31)
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StartCommon questions on tax software and what you need (4:40)
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StartTAX SOFTWARE - Student Version of Profile Tax Suite - Download & Registration Instructions (4:41)
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StartTAX SOFTWARE - Additional video and troubleshooting on Intuit Profile (7:48)
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StartEmailing students important updates and new courses - Put us on your safe list! (2:03)
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StartCOURSE NOTES & MANUAL - Download course notes and manual and how to use them (4:17)
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StartAdditional comments and suggestions on how to use the notes
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StartA note on Provincial taxes, returns and associated schedules (4:13)
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Start** ANNUAL UPDATES ** - Instruction video on how to access this year's current update (2:16)
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PreviewIntroduction to this module and what we'll be covering in this unit (2:40)
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StartWho must file a tax return (3:23)
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StartWhy you should file an income tax return (5:46)
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StartThe Canadian tax system and how it works (3:42)
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StartDeadlines for filing personal tax returns (6:00)
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StartFiling penalties and interest for late filed returns (4:41)
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StartInstalment payments and when they should be made (3:53)
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StartE-filing of personal tax returns and the e-file system (4:10)
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StartThe marginal tax rate system in personal tax (5:14)
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StartExample illustrating marginal vs. personal tax (6:06)
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StartAnother important tax concept - Tax deductions vs. tax credits (4:03)
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StartExamples of a tax credits and tax deductions (4:49)
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StartNotice of Assessments and their importance (5:09)
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StartAn example of a Notice of Assessment (NOA) (3:51)
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StartNotice of Reassessments issuedd by CRA and their Importance (4:04)
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StartExample of a Notice of Reassessment (4:38)
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PreviewSome resources on Provincial tax brackets for your reference (5:02)
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StartCRA Online services and an overview of the system (4:36)
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PreviewIntroduction to tax forms and information slips (2:49)
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StartThe T1 General Return (10:48)
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StartThe T1 General return - 2018 and earlier years (3:21)
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Start*ARCHIVE - Schedule 1 - Federal tax - Only for 2018 and earlier years (2:16)
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StartSchedule 2 - Amounts transferred from spouse (2:41)
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StartSchedule 3 - Capital gains and losses (3:37)
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StartPrincipal Residence Dispositions - Schedule 3 - 2016 & Future Years - Disclosing Sale of Principal Residence (2:29)
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StartWorksheet 4 (Previously Schedule 4) - Investment income and expenses (2:36)
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StartSchedule 5 - Details of dependants (3:49)
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StartSchedule 6 - Canada Workers Benefit (2019 & later) - formerly Working Income Tax Benefit (Pre 2019 returns) (3:02)
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StartSchedule 7 - RRSP worksheet and activity (4:38)
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StartSchedule 8 - Canada Pension Plan (CPP) Contributions & Overpayment (4:03)
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StartSchedule 9 - Donations and Gifts (2:08)
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StartSchedule 11 - Tuition worksheet (2:43)
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StartSchedule 13 - Employment Insurance Premiums on Self Employment (2:06)
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Preview* ARCHIVE * - Schedule 14 - Climate Action Incentive (Not available in all Provinces and only for 2018-2020 Returns) (2:26)
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StartProvincial Forms and schedules and web link to find information on Provincial credits (6:17)
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StartSlip system of reporting income on the T1 personal return (6:33)
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StartReporting information from T-slips into tax software (2:46)
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StartThe T4 slip - The statement of employment income (6:40)
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StartThe T4A slip - Statement of Pension, Retirement, Annuity, and Other Income (4:10)
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StartThe T4E slip - Employment insurance and other benefits (3:34)
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StartThe T5018 slip - Statement of Contract Payments (3:39)
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StartThe T5007 slip - Statement of benefits - Social security (2:40)
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StartThe T4A(P) and T4A(OAS) slips - CPP and OAS retirement pension slips (4:34)
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StartThe T4RSP slip - Statement of RRSP Income (4:07)
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StartThe T4RIF slip - Statement of Income From a Registered Retirement Income Fund (3:27)
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StartThe T3 slip- Statement of Trust Income Allocations and Designations (5:28)
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StartThe T5 slip - Statement of Investment Income (4:50)
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StartThe T5013 slip - Statement of Partnership Income (3:54)
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StartThe 5008 slip - Statement of Securities Transactions (4:59)
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StartThe T2202A slip - Tuition and enrolment certificate (3:49)
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StartThe Auto Fill my Return service offered by Canada Revenue Agency (6:50)
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.

"This course serves as an excellent introduction to Canadian taxes. The lectures are interesting and give a broad overview of the basics. I am very glad this course is available and would highly recommend it!"
- Skyla Tennyson

"This was one of the best, and most informative ways for me to learn about taxes. I pretty much knew nothing and just let accountaint handle everything but I feel so much better after knowing how it all works. It is a VERY comprehensive course! Ian covers everything but also provides real world context with examples that really helped me solidify the content. Great course!!!"
- Kirk Quesnelle

"I am really happy to have found your course on Canadian income tax preparation. I have been looking for an online course like this for a very long time and this is the best course I seen so far.
The thing I like most about the cause is that it’s always available once you sign up, As a tax preparer there is so much to remember and retain in tax preparation and so I keep coming back for refreshers all the time. This course has provided me with lots of answers to specific question I had.
If anyone wishes to become a tax preparer I will recommend this course highly, the course is designed to make clear the concepts of tax preparation and the examples will make you retain the concepts and use them later. All of my college and university courses emphasize on theoretical aspects of taxation, resulting in many practical questions unanswered.
This course covers more of the application of tax laws than theory and will teach you how to prepare a tax returns completely and accurately"
- Thomas Joseph, President, TJTax.ca

This is a great course. I didn't know much about personal tax and never got into researching it. This course has given me a great base and honestly a good working knowledge. It has valuable information, updated with changes and new information. I have even gotten to file peoples Taxes from this course and by doing additional readings. I highly recommend this course to anyone who wants to learn or if one wants to get themselves into the personal tax filing business. The biggest differentiater is: you get a year round access to a professional for advice. There is no comparative to that. Thank you so much Ian . Much appreciated.
- Jahanzeb Sheikh

"This was an excellent course, I am a Bookkeeper and just wanted to learn the Basics of Tax Preparation, Well it was exactly what I was looking for and a lot more, The Instructor Ian, is an excellent teacher, lot of information and detail, any one interested in learning about Income Tax Preparation needs to take this course. All I can say is Excellent Course !!"
- Susan Martin

Covers every area you need to know, explanation is excellent, presentation is excellent. Just great all around
- Addy Alade

Very comprehensive. The material is well organized. Each lecture builds on the previous and expands its application. He patiently provides examples in every situation necessary for bringing clarity and understanding to the subject at hand. On concluding all of the presentations one should definitely be able to confidently complete a T1 Return accurately with all of the required schedules. In addition, he continually emphasizes the importance of having the required documentation in complying with the CRA.
- Glendon Robinson

This course is amazing. It increased my knowledge of the Canadian tax system. The instructor is very helpful. When I do start doing taxes for my clients I believe Ian's voice will be stuck in my head. He is also willing to answer any questions you may have. I am going to buy the next course called Best Practices. Thank you Ian and this helped me to save a lot of money.
- Toluwalope Dare