Tax Bytes - Monthly Newsletter & Training
The monthly source of news and ongoing training for students and tax preparers who are new to the world of Canadian tax.
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The Tax Bytes Practice Mentor video newsletter and online training is designed and delivered with the “Tax Newbie” in mind … those of you who have just started or thinking of starting your career in accounting, tax and tax preparation.
Are you a student in college or university accounting programs? Or perhaps you are a bookkeeper who would like to leverage your bookkeeping business with up-to-date tax information and training? Are you someone who is looking to start a lucrative and profitable seasonal (or year round) business preparing tax returns for clients?
Then you have found THE source for current tax information and ongoing training in areas that are essential to your success in tax and tax preparation.
Ongoing tax education and professional development is a crucial element to becoming a reliable and valuable tax preparer and advisor. It is so crucial that the professional accounting bodies strip people of their designations if they don’t do the mandatory required hours of professional development.
Many of the newsletters available on the web I have found suffer from 3 things that make them difficult for students, tax newbies and even seasoned professionals to use:
- They are typically very technical in nature because they are prepared by tax professionals for other tax professionals
- The topics covered tend to be very specialized or specific to the areas practiced by the curators and writers of the newsletters.
- They tend to provide information only and no guidance. They are intended to drum up business for the firm publishing them and require you to call for (billable) advice.
The Canadian Tax Academy’s Tax Bytes newsletter is designed, curated and delivered to address all of these issues and make it a valuable tool to your business, practice or academic studies.
FEATURES
T1 Masterclass is a new series that started in September 2018. Each month, we take a more detailed look at topics in personal tax and T1 preparation. Think of this series as an ongoing Intermediate Tax course that keeps growing and growing. We'll also focus on running a smooth, and effective tax practice. We'll provide you with spreadsheets, checklists, form letters, and much more!
Online community where you can share your thoughts or questions for advice and recommendations from other tax preparers and accountants, including the newsletter’s creator and director.
Monthly video tutorials on the concepts covered, in the same teaching and presentation style you have all come to enjoy and expect from Ian DiNovo and the Canadian Tax Academy.
Email updates and up to date information on mission critical items that you need to know once they are released by the CRA or Federal Government so you can run your tax preparation practice effectively and accurately and know you are always working with current information.
Skill Snacks – We will regularly feature a mini training series in an area of tax (personal or corporate), practice management that is useful or vital to your professional practice or ongoing education. Not only will the Tax Bytes Video Newsletter keep you in the loop in the tax landscape, it will also sharpen your knowledge and build your skills.
Access to all previous months editions including all the tutorials and training content. The newsletter started in October 2016, so you will have access to all the editions including all the training from those months.
BENEFITS
UPDATES – Up to the minute tax information and explanation on the changes to tax laws and how they affect your clients. News commentary, budget reviews and analysis so that you can work with the most recent and applicable tax laws.
GUIDANCE – The tax world is a very fluid and ever-changing landscape. In the Guidance section of the newsletter you are provided with information and ideas taken from what is going on in the tax world.
CRA’S VIEWS – Let’s look under the hood of Canada’s tax administrator and look at the way they look at and administer Canada’s Income Tax Act. CRA’s view, opinions, guidelines and interpretations are of vital importance when applying tax rules to client files.
COURT CASES – One of the best tools for your consulting business and weapon against CRA is court cases. You will find that many newsletters cover cases as significant source of its content. The Tax Bytes newsletter is no different and will provide you with training on these cases and how to apply them effectively with you client files.
TOOLS & RESOURCES – We continuously scour the internet and other sources for useful tax tools, resources and information to help you run your practice and find the critical information you need to run it smoothly and efficiently. And with the video tutorial style of presentation, we not only tell you about them, but show you how to use them.
KNOWLEDGE BASE – continuous training and development though our monthly Skill Snack series – Online tax courses can only cover so much material before it becomes too long and detailed to the point where it is intimidating for students. The Tax Bytes newsletter continues to deliver valuable training in bite size segments with every issue.
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 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.
Courses Included with Purchase














Original Price: $560
Frequently Asked Questions
Course Curriculum
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StartIntroduction to the January 2021 newletter and what'we'll be covering this month (7:58)
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StartNew T2 Case Studies Project - What is in store for 2021 and future years for subscribers (7:58)
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StartNew T2 Case Studies Project - How to use the course and get the most (3:18)
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Start2020 T1 Preparation Update - Section I - Overview, rates, credits and what's new (23:55)
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Start2020 T1 Preparation Update - Section II - A look at what's in store for T1 preparation with the COVID measures for 2020 (27:23)
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Start2020 T1 Preparation Update - Section III - Employment income reporting and COVID measures for 2020 (19:08)
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Start2020 T1 Preparation Update - Section IV - Business income reporting in 2020 including tax implications of CEBA loans and wage subsidies (14:56)
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Start2020 T1 Preparation Update - Section V - Other areas of tax and information for 2020 T1 returns (18:22)
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StartT2 CASE-01 - Introduction to Buzz Shift Marketing Inc. and it's owner Sylvia Maxwell (7:38)
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StartT2 CASE-02 - Year-end opening meeting with management and year end information (5:04)
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StartT2 CAS-03 - Review of the trial balance provided by the bookkeeper and additional questions (9:44)
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StartT2 CASE-04 - Dealing with the payroll remittances and amounts withdrawn by Sylvia (12:25)
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StartT2 CASE-05 - Recording the journal entries on BSM's accounting file to bring it up to date (7:31)
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StartT2 CASE-06 - What do we do about the vehicle purchase - options and discussions (6:37)
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StartT2 CASE-07 - How do we handle the monthly vehicle allowance that is being posted (8:51)
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StartT2 CASE-08 - Dealing with the business expenses on personal credit cards (13:06)
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StartT2 CASE-09 - Discussion with Syvlia regarding the clothing reimbursements on credit cards (3:45)
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StartT2 CASE-10 - Deciding what to do with the shareholder draw account - bonus or dividend (7:59)
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StartT2 CASE-11 - Final journal entries and final T2 with adjusting entry discussion and process (13:54)
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StartT2 CASE-12 - Preparing the T4 and T5 slips for Sylvia as part of our engagment and year end process (7:52)
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StartIntroduction to the December 2020 newsletter and what we'll be covering (3:30)
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StartNEW RENT SUBSIDY - New Canada Emergency Wage Subsidy - Overview (3:57)
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StartNEW RENT SUBSIDY -Review of the eligiblility criteria and details of the program (14:59)
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StartNEW RENT SUBSIDY - UPDATE - Need to apply or open the CRA ZA number for CERS (3:38)
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StartCOVID UPDATE - UPDATE - New CERB repayment letters in the mail (7:52)
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StartNEW RENT SUBSIDY - Example of calculator and how to fill it out (9:15)
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StartFEDERAL FISCAL UPDATE - Summary of fall update by Finance Minister Chrystia Freeland (7:11)
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StartCOVID MEASURES - Advising business struggling in pandemic (7:04)
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StartTAXABLE BENEFITS - Would clothing reimbursements by employer be a taxable benefit? (5:09)
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StartTAXABLE BENEFITS - Moving expense reimbursements by employer (4:33)
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StartTAXABLE BENEFITS - Employer contributions to employee crowd funding campaign (5:37)
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StartCOMPILATIONS 1 - New Compilation Standards P2 - Third Parties and Basis of Accounting (1:54)
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StartCOMPILATIONS 2 - Standards to be followed before accepting or continuing an engagement (4:47)
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StartCOMPILATIONS 3 - A discussion on third parties and what practitioners need to know (8:29)
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StartCOMPILATIONS 4 - Is the CRA considered a third party for Compilation purposes? (5:58)
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StartCOMPILATIONS 5 - Overview of the basis of accounting standard (5:38)
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StartCOMPILATIONS 6 - An overview of the possible accounting basis alternatives (10:01)
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StartCOMPILATIONS 7 - The engagement letter as documentation and acknowledgement (6:09)
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StartIntroduction to the November 2020 newsletter and what we'll be covering (4:07)
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StartCPP RATES - Legislated increases to come into effect in 2021 - significant increases (6:38)
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StartTELEWORKING - Employers not having a fixed place of business - Issues (6:28)
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StartCOURT CASE - Travel to and from work when paid a kilometre allowance - 2003 Case (6:12)
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StartCOURT CASE - Travel to and from work with vehicle expenses on T777 - Recent Case (5:03)
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StartCOURT CASE - A geologist trying to claim business losses with no income (8:08)
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StartCOMMENTARY - Claiming business expenses when there is no source of income (8:10)
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StartCOVID-19 MEASURES - Update on CEWS and review of CRA spreadsheet (6:30)
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StartCOVID-19 MEASURES - Update on the new commercial rent subsidy program CERS (7:12)
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StartCOVID-19 MEASURES - Useful government website tool to help businesses navigate the measures available (4:18)
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StartCOMPILATIONS 1 - New Compilation Standards -Part I - Overview and New Compilation Engagement Report (3:28)
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StartCOMPILATIONS 2 - The new compilation standard for Notice to Reader Engagements (7:52)
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StartCOMPILATIONS 3 - A brief history including why and how we got here (8:13)
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StartCOMPILATIONS 4 - Exceptions to the new compilation engagement standards (7:02)
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StartCOMPILATIONS 5 - Indpendance assesment - Review of prohibitions and threats (7:59)
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StartCOMPILATIONS 6 - How to solve the independence problems under new Standard (5:24)
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StartCOMPILATIONS 7 - An overview of the new compilation engagement report (5:02)
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StartCOMPILATIONS 8 - Date of the Compilation Engagement Report (CER) (3:34)
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StartCOMPILATIONS 9 - Responsibilities after the CER date and decision to amend (5:54)
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StartIntroduction to the October 2020 newsletter and what we'll be covering (3:38)
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StartCEWS UPDATE - Extension of CEWS into the Summer of 2020 and audit letters (5:10)
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StartRESPONSE BENEFIT - CERB is now going to be a part of the EI Program (6:26)
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StartCOMPENSATION - Does the CRA audit large fluctuations of either salary or dividends year to year? (5:05)
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StartCOVID COMPENSATION - Be extra careful with amending T-slips for the 2020 Covid (3:59)
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StartCPP - The decision on wheither to take CPP early or delay taking the pension (5:20)
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StartCOURT CASE - Section 160 - Can dividends be considered compensation for services rendered by CRA? (7:56)
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StartCOVID & SECTION 160 - Are the shareholders providing a personal guarantee in the Covid era? (4:48)
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StartINCOME SPLITTING - Legitimate income splitting through cash damning (4:41)
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StartT1 MASTERCLASS 1 - The different options available for adjusting T1 returns (1:53)
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StartT1 MASTERCLASS 2 - The difference between re-file and T1ADJ (4:24)
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StartT1 MASTERCLASS 3 - Example of the T1 ReFILE process and what happens (7:00)
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StartT1 MASTERCLASS 4 - Online T1 Adjustments using the Represent A Client or My Account function (4:32)
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StartT1 MASTERCLASS 5 - What you can and cannot adjust or ReFile on personal tax returns (5:08)
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StartT1 MASTERCLASS 6 - Make sure you examine the ramifications of the adjusted returns (5:44)
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StartT1 MASTERCLASS 7 - Quick tip on filing for the Disability Tax Credit certificate to speed up the process (3:20)
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StartIntroduction to the September 2020 newsletter and what we'll be covering (3:31)
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StartCOVID NEWS - Payroll and T4 reporting for the upcoming T4 season (3:24)
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StartCOVID NEWS - CEWS frequently asked questions update provided by CRA (3:42)
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StartCOVID NEWS - Update on extenstions to SRED filing deadlines (4:58)
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StartCOVID NEWS - Filing T1 returns deadlines to avoid issues with other benefit programs (2:36)
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StartCRA NEWS - Extension to electronic signature measures (2:12)
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StartCRA NEWS - Flat rate increase for meal allowances (2:37)
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StartTAX SCHEME - A new tax scheme to be aware of - Offshore disability plans (4:22)
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StartT1 MASTERCLASS 1 - Review of the attribution rules and why spousal loans are effective (5:17)
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StartT1 MASTERCLASS 2 - Case example and tax liability where there is no income splitting (4:38)
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StartT1 MASTERCLASS 3 - Case example where a spousal loan was implemented in the past (5:09)
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StartT1 MASTERCLASS 4 - Running various case scenarios through software (5:43)
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StartT1 MASTERCLASS 5 - Implementing the plan in practice to avoid problems with the CRA (8:26)
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StartT1 MASTERCLASS 6 - Caution if you are planning to change the rate when rates change (5:59)
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StartIntroduction to the August 2020 newsletter and what we'll be covering (3:18)
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StartCOVID-19 - CRA news and extensions recently announced regarding taxes and payments (4:42)
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StartNEW WAGE SUBSIDY - CEWS 2.0 - Summary of the new program and outline of changes (8:08)
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StartCEWS 2.0 - Base subsidy formula and how it works (7:38)
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StartCEWS 2.0 - Top Up Amount eligibility and calculation (7:20)
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StartCEWS 2.0 - Some additional aspects and points to consider for wage subsidy (8:28)
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StartCEWS 2.0 - Arm's length and Non Arm's length employees and other formulas (7:41)
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StartCEWS 2.0 - Notice of Determination and appeals (2:11)
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StartTrading of securities - is it income or capital - business income (6:36)
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StartTrading of securities -What about trading within a corporation (4:16)
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StartPERSONAL TAX - TIPS & TRAPS - P4 - Investment Income and Foreign Income Reporting (22:34)
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StartPERSONAL TAX - TIPS & TRAPS - P5 - Rental Income and Principal Residence Exemption (48:49)
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StartPERSONAL TAX - TIPS & TRAPS - P6 - Seniors and Students and Conclusion (17:56)
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StartIntroduction to the July 2020 newsletter and what we'll be covering (4:06)
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StartUpdate on extension of the emergency measures programs past the initial legislated period (6:43)
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StartCan you claim home expense deductions as an employee during COVID crisis? (3:57)
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StartAllowances and reimbursements for various purchases necessary for employees to be able to work from home (4:27)
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StartIssues with remitting GST-HST with the current crisis - Cash flow problems and director liability (5:35)
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StartBackdating salaries or accruing bonuses for owner-managers to be eligible for the CEWS (5:16)
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StartNew legislation that deals with the confusion around the 10% wage subsidy and interaction with the CEWS (4:55)
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StartCRA releases answers to a common concern regarding additional CERB income (2:20)
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StartCEBA eligibility now expanded to include small business that were left out of the loop (2:37)
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StartWeb site to provide clients with regarding government programs and benefits (3:02)
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StartNational Business Resumption Plan issued by the Government of Canada - Service Timelines (2:41)
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StartPERSONAL TAX - TIPS & TRAPS - P1 - Introduction to the course and round-up of recent changes to be aware of (17:26)
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StartPERSONAL TAX - TIPS & TRAPS - P2 - Business income and Tax On Split Income (TOSI) (51:43)
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StartPERSONAL TAX - TIPS & TRAPS - P3 - Employment income and deductions with other expenses - return examples (45:38)
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StartIntroduction to the June 2020 newsletter and what we'll be covering (3:33)
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StartDisability Tax Credit certificate and electronic filing (3:20)
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StartCOVID INFO - The new Canada Student Emergency Benefit - Eligibility (5:26)
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StartCOVID INFO - The new Canada Student Emergency Benefit - Monthly Attestation (4:25)
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StartCOVID INFO - The new Canada Student Emergency Benefit - Payments and Periods (5:42)
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StartCOVID INFO - Snitch line for those who are abusing the government programs (3:38)
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StartCOVID INFO - Accountants role in the COVID programs when dealing with clients (7:27)
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StartCOVID INFO - CRA returning to a full line of audit work (4:27)
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StartCorporate Tax - Update Tips & Traps - Part 1 - Overview of the course and roundup of changes in corporate tax (39:07)
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StartCorporate Tax - Update Tips & Traps - Part 2 - New investment income rules (38:08)
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StartCorporate Tax - Update Tips & Traps - Part 3 - T2 Corporate Tax Return Preparation Tips and Traps (18:43)
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StartCorporate Tax - Update Tips & Traps - Part 4 - CRA initiatives (47:29)
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StartCorporate Tax - Update Tips & Traps - Part 5 - Owner Manager comp and TOSI (34:20)
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StartIntroduction to the May 2020 newsletter (2:56)
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StartUpdate and what is happening with EI benefits and the CERA (8:35)
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StartUpdate and opening of the application process for the Canada Emergency Wage Subsidy (7:11)
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StartExample of the application process and filling on the CRA spreadsheet (12:40)
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StartDigging into some of the finer details and nuances with the CEWS application and rules (9:30)
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StartIllustration of the relief that is available to businesses and their employees (5:46)
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StartChallenges faced by the self-employed and small business community with measures (10:39)
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StartThe new Canada Emergency Commercial Rent Assistance Program (6:14)
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StartFrequently asked questions document for your review from CPA seminar (1:53)
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StartUPDATE - Additional information released on dividends and CEWS (2:19)
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StartUPDATE - More intricasies with the interaction between the 75 and 10 subsidy (3:12)
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StartT1 MASTERCLASS 1 - Interest deductions - Additional compexities (1:43)
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StartT1 MASTERCLASS 2 - Court Case - Return of capital on mutual funds and personal use (9:16)
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StartT1 MASTERCLASS 3 - Restructuring borrowings to make interest on loans tax deductible (6:01)
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StartT1 MASTERCLASS 4 - Investing in common shares of a corporation - some nuances (5:42)
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StartT1 MASTERCLASS 5 - Lending money to a wholly-owned corporation - interest free loans (3:16)
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StartT1 MASTERCLASS 6 - Interest on credit cards used to pay business expenses (5:38)
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StartIntroduction to the April 2020 newsletter and what we'll be discussing (3:18)
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StartCovid-19 Webinar 1 - An overview of the COVID 19 crisis and what we will be covering (5:06)
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StartCovid-19 Webinar 2 - Employment Insurance measures for Individuals and the new CERB (9:56)
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StartCovid-19 Webinar 3 - Tax deferrals and measures for individuals (4:27)
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StartCovid-19 Webinar 4 - Wage subsidy programs for businesses (8:02)
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StartCOVID-19 -Webinar 5 Tax deferrals and measures for business (6:05)
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StartCOVID-19 Webinar 6 - Loans and financing measures for business (7:23)
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StartCOVID-19 Webinar 7 - Work Sharing Programs for business and individuals (10:22)
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StartTFSA - Danger on gains from trading activity in a TFSA if deemed business income (4:58)
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StartTFSA - Handy chart for people who turned 18 recently (4:01)
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StartTFSA - Remember the rules for withdrawing money from TFSA especially in Covid crisis (4:01)
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StartCOURT CASE - Common situation on home office expenses addressed by courts (3:54)
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StartT1 MASTERCLASS 1 - Interest deductions on personal tax returns (1:47)
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StartT1 MASTERCLASS 2 - Overview of the rules on interest deductibility on various accounts (4:59)
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StartT1 MASTERCLASS 3 - The legal obligation to pay interest (4:12)
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StartT1 MASTERCLASS 4 - Reasonableness on interest expense and non-arm's length borrowing (4:32)
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StartT1 MASTERCLASS 5 - Funds must be directly used to earn income - record keeping (5:31)
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StartT1 MASTERCLASS 6 - Intricasies with the property and the ability of property to earn income (5:47)
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StartIntroduction to the March 2020 newsletter and what we'll be discussing (3:27)
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StartCRA AUDITS - Employment expenses for owner managers - CRA issues new guidance on this matter (7:15)
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StartCRA UPDATE - Email from CRA E-file desk warning of deceased taxpayers and date reporting error (2:48)
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StartCRA NEWS - Almost $1 billion of uncashed cheques with CRA and how to find out if any are for you or clients (3:23)
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StartCRA NEWS - Be careful when requesting ruling request for employees - may trigger and audit (4:37)
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StartCRA AUDITS - An overview of the approaches used by CRA in the area of small business audits (6:47)
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StartPERSONAL and CORPORATE TAX - Common errors or oversights on the T1135 foreign income reporting form (9:37)
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StartT1 MASTERCLASS 1- Understanding the principal residence exemption on the T1 return - various scenarios (4:26)
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StartT1 MASTERCLASS 2 - Overview of the principal residence exemption formula and the bonus year (6:15)
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StartT1 MASTERCLASS 3 - A common example of where the bonus can play a role in selling a property (5:31)
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StartT1 MASTERCLASS 4 - Scenario where the principal residence exemption was claimed on another property (8:05)
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StartT1 MASTERCLASS 5 - Understanding the change in use rules and what it means for the PRE (5:08)
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StartT1 MASTERCLASS 6 - Rules and example examples of principal residence converted to a rental property (6:58)
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StartT1 MASTERCLASS 7 - Rules and example examples of a rental property converted to principal residence (6:40)
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StartT1 MASTERCLASS 8 - Every situation should be taken on a client by client basis - no cookie cutter approach (5:48)
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StartIntroduction to the February 2020 newsletter (4:02)
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StartTax update 2019 tax returns and upcoming 2020 tax returns (38:18)
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StartSummary of new rules that recently took effect for investment income (5:43)
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StartCorporate Tax update - Review of GRIP balances and what makes up GRIP (7:12)
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StartInvestment income rules - The new RDTOH and ERDTOH pools and rules for dividends (12:13)
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StartExample illustrating the ERDTOH and NERDTOH balances and flow through the actual Schedules (12:37)
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StartPassive income rules for income over 50k and the grind down of the small business deduction (6:08)
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StartExample of a common small business deduction grind for a medical practice (6:41)
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StartBUSINESS INCOME T2125 - Can you claim prior year expenses on the current year tax returns (6:05)
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StartT1 MASTERCLASS 1 - How to research tax questions on your own using resources and software (2:46)
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StartT1 MASTERCLASS 2 - Research methodology and outline of research system (11:14)
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StartT1 MASTERCLASS 3 - Example of researching the dependant credit and applying the methodology (6:31)
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StartT1 MASTERCLASS 4 - Example - sorting through all the caregiver and dependant credits (8:45)
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StartT1 MASTERCLASS 5 - Example - researching a question on lower income spouse claiming child care (10:58)
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StartIntroduction to the January 2020 newsletter and what we'll be discussing (4:09)
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StartPERSONAL TAX - Summary of personal tax return changes and the authorization process - details next month (6:20)
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StartPayroll number roundup for the 2019 tax year and the upcoming 2020 calendar year (7:15)
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StartRRSP and TFSA numbers for the 2019 season and the upcoming 2020 calendar year (5:28)
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StartSummary of vehicle expense tax numbers for 2019 year ends and upcoming year 2020 resource (6:03)
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StartCORPORATE TAX - CRA reviews of vehicle expenses - practitioner survey and guidance (4:38)
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StartCORPORATE TAX - Example of review letter for vehicle expenses and what they typically ask for (3:55)
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StartCORPORATE TAX - CRA reviews of repairs and maintenance - practitioner survey and what we've been seeing (3:27)
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StartPRINCIPAL RESIDENCE - Roundup of what's happening and issues practitioners are likely to face (6:39)
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StartPERSONAL TAX - Challenges faced by practitioners when dealing with income subject to TOSI (6:04)
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StartPERSONAL TAX - Dealing with TOSI when you don't know - what I do when I know it might apply (5:21)
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StartDREAM PRACTICE 1 - Add a multiplier effect to your business building - my personal example of a referral machine (8:33)
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StartDREAM PRACTICE 2 - Lawyers - real estate, corporate, divorce lawyers (6:56)
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StartDREAM PRACTICE 3 - Focus on tax lawyers for high income work and invaluable expertise (6:22)
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StartDREAM PRACTICE 4 - Investment advisors - especially for personal tax (6:58)
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StartDREAM PRACTICE 5 - Higher fee work with a focus on real estate and business brokers (5:19)
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StartDREAM PRACTICE 6 - Relationships with bookkeepers - beware of the double edged sword (5:41)
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StartDREAM PRACTICE 7 - Focus on building a motivated sales team rather than social media (4:06)
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StartIntroduction to the December 2019 newsletter and what we'll be covering (3:48)
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StartCORPORATE TAX - The grey area with specified investment businesses (4:52)
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StartCORPORATE TAX - Specified Investment Business versus active business (6:58)
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StartCRA AUDITS - Auditor's behaviour is irrelevant during the CRA audit process (6:51)
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StartThe little known area of judicial review and how it can help your clients (7:03)
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StartREAL ESTATE - Track the ACB of principal residence regardless of whether it will be exempt (4:51)
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StartREAL ESTATE - Extensions beyond the normal reassessment period (4:21)
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StartNEWSLETTER NEWS - Easier to access course content - Two courses added to your dashboard (2:26)
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StartT1 MASTERCLASS 1 - Running property in commercial manner and deducting losses (2:55)
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StartT1 MASTERCLASS 2 - Rental income or is it really a cost-sharing arrangement? (5:02)
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StartT1 MASTERCLASS 3 - Rentals below fair market value and rentals to non-arm's length individuals (5:41)
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StartT1 MASTERCLASS 4 - Losses on properties that are being run in a sufficiently commercial manner (4:17)
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StartT1 MASTERCLASS 5 - Court Case - Case with two properties where losses were denied by the courts (6:27)
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StartT1 MASTERCLASS 6 - Court Case - Case with limited rental income but large losses (5:47)
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StartDREAM PRACTICE 1 - Documenting and dealing with clients in your business (7:52)
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StartDREAM PRACTICE 2 - Keeping a daily log of calls and discussions (5:16)
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StartDREAM PRACTICE 3 - Example of a daily log and how to itemize and code notes (8:47)
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StartDREAM PRACTICE 4 - Creating action points and deadlines on your calendar (8:16)
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StartDREAM PRACTICE 5 - Migrating notes on conversations to client file (7:17)
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StartDREAM PRACTICE 6 - Creating memo to files on important decisions or action points (5:39)
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StartIntroduction to the November 2019 newsletter and what we'll be discussing (4:15)
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StartOAS rules and the ability to start taking it late - planning considerations (6:04)
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StartWCB & PERSONAL LIABILITY - Personal director liability issue with WSIB and a recent nasty court case (4:24)
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StartTFSA RULES - TFSA overcontribution penalties and recent CRA guidance on avoiding penalty tax (4:16)
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StartCORPORATE TAX - Non-deductible interest and penalties and other add backs - frequent question (3:52)
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StartCRA AUDITS - CRA targeting Home Depot customers to fight underground economy (3:16)
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StartT1 MASTERCLASS 1 - Overview of the issues with Personal Use Property (3:45)
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StartT1 MASTERCLASS 2 - Personal Use and Listed Personal Property Rules (4:20)
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StartT1 MASTERCLASS 3 - Listed Personal Property and how it differs from PUP (2:50)
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StartT1 MASTERCLASS 4 - Examples showing how to calculate Personal Use Property Gains (3:35)
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StartT1 MASTERCLASS 5 - Where the CRA can look into PUP rules and how them come up in an audit (5:43)
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StartDREAM PRACTICE 1 - Introduction - Corporate Tax Survival Guide II - Client Tax Matters (2:49)
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StartDREAM PRACTICE 2 - Tip 1 - Reviewing bank statements and revenue – particularly for trial balance clients (6:15)
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StartDREAM PRACTICE 3 - Tip 2 - Deal with owner-manager compensation before the start of the year (7:52)
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StartDREAM PRACTICE 4 - Tip 3 - Review the client’s payroll and benefits for both owner-managers & employees (6:12)
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StartDREAM PRACTICE 5 - Tip 4 -Related to previous two tips – focus on taxable benefits and withdrawals by owners (9:22)
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StartDREAM PRACTICE 6 - Tip 5 -Review shareholder transactions and account balances in detail & formulate plan (8:19)
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StartDREAM PRACTICE 7 - Tip 6 -Have a system for maintenance on clients’ CRA accounts – Keep clients current (7:41)
-
StartDREAM PRACTICE 8 - Tip 7 -Review the G/L in detail and focus on large amounts and items that stick out (7:27)
-
StartDREAM PRACTICE 9 - Tip 8 -Get help in areas that you are not familiar with or have no experience/expertise (5:47)
-
StartIntroduction to the October 2019 newsletter and what we'll be discussing (3:41)
-
StartSKILL SNACK 1 - Investment income in a corporation - Reporting & bookkeeping (4:10)
-
StartSKILL SNACK 2 - Overview of investment income concepts and types of investment income (8:27)
-
StartSKILL SNACK 3 - Understanding what is happening with a coporation's investments (9:19)
-
StartSKILL SNACK 4 - Simple examples of transaction to solidify understanding of fundamentals (10:50)
-
StartSKILL SNACK 5 - Two approaches to recording transaction in the corporation's records (6:59)
-
StartSKILL SNACK 6 - Approach 1 - Working paper and single entry transactions (12:06)
-
StartSKILL SNACK 7 - Approach 2 - Entering journal entries directly from T-slips (9:07)
-
StartSKILL SNACK 8 - Entering transactions on the T2 schedules (17:55)
-
StartSKILL SNACK 9 - Dealing with non calendar fiscal year end for corporations (14:19)
-
StartDREAM PRACTICE - Introduction to Corporate Tax Practice and methodology used (4:28)
-
StartDREAM PRACTICE - Tip 1 - Provide detailed year end material with instructions (9:02)
-
StartDREAM PRACTICE - Tip 2 - Maintain a current client email database and send reminder emails (9:47)
-
StartDREAM PRACTICE - Tip 3 - Have a year end planning and compensation meeting before year end (7:55)
-
StartDREAM PRACTICE - Tip 4 - Keep up to date with what is going on in the tax world - build an arsenal (7:01)
-
StartDREAM PRACTICE - Tip 5 - Keep clients well informed on news and issues with web site or emails (6:58)
-
StartDREAM PRACTICE - Tip 6 - Build and maintain a series of firm policies on important tax or practice areas (8:42)
-
StartIntroduction to the September 2019 newsletter and what we'll be discussing (4:09)
-
StartGST/HST NEWS - GST-HST registration issues with innocent business owners denied ITC's (5:31)
-
StartPERSONAL TAX - Reporting foreign income and filing the T1135 Foreign Income Verification Statement (7:07)
-
StartPERSONAL TAX - Overview of the T1135 reporting requirements and what you need to know (8:13)
-
StartPERSONAL TAX - Example of the reports you will receive from the broker for foreign income (12:31)
-
StartTAX CREDITS - Process of claiming caregiver and other dependant credits - best practices (7:18)
-
StartTAX CREDITS - How to determine what tax credits were available if you are doing prior year returns (5:48)
-
StartFIRST TIME HOME BUYER'S INCENTIVE - More information on this program and an online calculator (2:29)
-
StartONLINE TOOL - First time home buyers incentive online calculator review (4:58)
-
StartCRA NEWS - New format for Represent A Client and CRA request to provide feedback to make it better (2:55)
-
StartSKILL SNACK 1 - Tax Court of Canada - Overview of what you need to know (5:55)
-
StartSKILL SNACK 2 - Overview of the appeal process and getting to tax court (4:55)
-
StartSKILL SNACK 3 - Do you need to have a tax lawyer at tax court - formal vs informal procedure (7:29)
-
StartSKILL SNACK 4 - Process of trying to settle the file with CRA lawyers before going to court (6:00)
-
StartSKILL SNACK 5 - Example of the work an accountant may be asked to do (8:29)
-
StartSKILL SNACK 6 - Informal route - Example of building a solid case and settling (6:23)
-
StartSKILL SNACK 7 - Example of a more complicated tax court case and putting the case together (6:11)
-
StartSKILL SNACK 8 - Building your business by doing work for tax lawyers (3:52)
-
StartIntroduction to the August 2019 newsletter and what we'll be discussing (3:21)
-
StartCOURT CASE - Split custody definition and what it means for various credits (4:06)
-
StartCOURT CASE -Condo sale as capital and not income - application of gross negligence (6:11)
-
StartPERSONAL TAX - Interest deductibility when there is no investment income on the T1 (5:44)
-
StartNEW PROGRAM - First Time Home Buyer's Incentive - new government program (6:13)
-
StartCRA NEWS - Late filed penalties and T5018 and T1135 penalties (4:53)
-
StartSKILL SNACK WEBINAR 1 - Preparing tax returns & compilation engagements with imperfect information (3:32)
-
StartSKILL SNACK WEBINAR 2 - Things to consider before you even take on these clients (10:10)
-
StartSKILL SNACK WEBINAR 3 - Determine what you will need to file and the individual issues & deadlines (5:14)
-
StartSKILL SNACK WEBINAR 4- The most common scenarios and issues with clients who are behind in filing (4:42)
-
StartSKILL SNACK WEBINAR 5 - What documents to ask for and reviwing the information provided (10:46)
-
StartSKILL SNACK WEBINAR 6 - Best practices on the process to follow to keep client in the loop on everything (9:26)
-
StartSKILL SNACK WEBINAR 7 - Protecting yourself with proper documentation and a detailed client file (3:51)
-
StartSKILL SNACK WEBINAR 8 - What to consider when pricing your services and approach to take (6:22)
-
StartIntroduction to the July 2019 newsletter and what we'll be discussing (3:55)
-
StartHOME BUYERS PLAN - What if you sell the house that you used the HBP withdrawal for? (3:51)
-
StartCORPORATE TAX - Can you pay dividends if the corporation has negative retained earnings (6:23)
-
StartCORPORATE & PERSONAL TAX - The dangers of paying management fees to owner-managers (9:12)
-
StartCOURT CASE - The GST rebate on principal residence (5:32)
-
StartCOURT CASE - Cleaners who were independent contractors and not subject to CPP and EI (7:02)
-
StartCRA NEWS - Appeals division triage unit to help speed up appeals process (4:04)
-
StartT1 MASTERCLASS 1 - Dealing with CRA auditors and advising our T1 business income clients (2:24)
-
StartT1 MASTERCLASS 2 - Important advice to give to clients for their business bookeeping and record-keeping (10:12)
-
StartT1 MASTERCLASS 3 - What if the client does not have good records or receipts for their expenses (10:46)
-
StartT1 MASTERCLASS 4 - Hobby business vs real business - Reasonable Expectation of Profit (8:32)
-
StartT1 MASTERCLASS 5 - What you can expect to receive from the CRA when a business shows constant losses (7:18)
-
StartT1 MASTERCLASS 6 - Areas that a client should focus on to make life easier during an audit DSC (9:51)
-
StartIntroduction to the June 2019 newsletter and what we'll be discussing (3:43)
-
StartCRA NEWS - Fairness relief provisions when someone has economic hardship (8:17)
-
StartCPP BENEFITS - Will the CPP pension be around when I retire? How to answer this question. (5:34)
-
StartBUDGET 2019 - Changes to the HBP for 2019 and future years (5:52)
-
StartBUDGET 2019 - Summary of Federal Budget 2019 and highlights regarding tax policy (5:57)
-
StartCOURT CASE - The authority to pay dividends - common issues with declaring and recording dividends (5:37)
-
StartCOURT CASE - Deducting spousal support payments when there is no legal agreement (7:34)
-
StartCRA NEWS - CRA continuing review of Vehicle expense general ledgers (8:21)
-
StartT1 MASTERCLASS 1 - Partnership Income Topics & Common issues (1:53)
-
StartT1 MASTERCLASS 2 - What is partnership income and what are the rules for tax reporting (5:16)
-
StartT1 MASTERCLASS 3 - Other filing requirements for partners and filing the T5013 (7:48)
-
StartT1 MASTERCLASS 4 - Some examples of partnership structures and corporate structures (6:57)
-
StartT1 MASTERCLASS 5 - Filing T2125 business income for partnerships when only doing simple tax returns (10:38)
-
StartT1 MASTERCLASS 6 - Complicating factors for partnership with difference between accounting and tax (6:44)
-
StartT1 MASTERCLASS 7 - Partnership capital accounts and keeping track of partner draws (8:56)
-
StartT1 MASTERCLASS 8 - Partner expenses and a different approach to accounting and tax reporting (11:37)
-
StartT1 MASTERCLASS 9 - Other areas to be aware of when dealing with partnerships (7:29)
-
StartIntroduction to the May 2019 newsletter and what we'll be discussing (3:20)
-
StartCRA ASSESSMENTS - Auto-fill My Return and matching program creating some incorrect Notice of Assessments (4:59)
-
StartFor how long do I have to keep records and what should I be keeping? (8:51)
-
StartBEST PRACTICE - Keeping proper receipts is paramount in fighting a tax assessment (4:00)
-
StartTAX PRACTICE - What do I do if I am uncomfortable filing a client's tax return? (8:19)
-
StartCRA AUDITS - Be aware of what can happen with CPP and EI rulings - Should this be the case? (4:21)
-
StartCRA PROJECT - New bitcoin and cryptocurrency projects at the CRA (3:42)
-
StartCOURT CASE - What if the statute barred period opening goes in the opposite direction (3:39)
-
StartT1 MASTERCLASS 1 - Business Income Topics & Common issues (2:35)
-
StartT1 MASTERCLASS 2 - Overview of the approach to take and common questions (7:24)
-
StartT1 MASTERCLASS 3 - Factoring GST/HST into the file and a useful spreadsheet tool for more accurate calculations (11:22)
-
StartT1 MASTERCLASS 4 - Dealing with income splitting on business returns (5:38)
-
StartT1 MASTERCLASS 5 - Vehicle expense deductions - FAQ - and areas for caution (11:13)
-
StartT1 MASTERCLASS 6 - Home office expenses and areas to be aware of (8:30)
-
StartT1 MASTERCLASS 7 - Employee vs contractor concerns are the same with proprietors (9:22)
-
StartT1 MASTERCLASS 8 - Does the tax return make sense with what you know about the business? (5:07)
-
StartIntroduction to the April 2019 newsletter and what we'll be discussing (3:07)
-
StartCRA UPDATE - Auditor requests for information and what they now have to provide us (6:55)
-
StartASSESSMENTS - Notice of Assessments and the 3 year audit period (4:15)
-
StartASSESSMENTS - Statute barred period when there are third party requests (4:04)
-
StartCRA REVIEWS - Current issues experienced by practitioners and clients with employment expense reviews (8:23)
-
StartTAX PREPARATION - Recommend to clients that students file tax returns even if they don't owe (3:38)
-
StartTAX PREPARATION - What if students forgot to claim their tuition credits? (4:51)
-
StartCORPORATE TAX - Software differences that could cause problems with reporting or make life harder (7:10)
-
StartPERSONAL TAX PLANNING - What happens if a senior who has a RRIF has a Home Buyers Plan repayment (6:31)
-
StartPERSONAL TAX PLANNING - For HBP after the age of 71 remember to take OAS clawback into account (5:29)
-
StartT1 MASTERCLASS 1 - Medical expense tax credit overview and review of rules (1:19)
-
StartT1 MASTERCLASS 2 - Summary of medical expense rules and items to remember (8:01)
-
StartT1 MASTERCLASS 3 - Medical expenses for dependants and the most common mistakes (7:43)
-
StartT1 MASTERCLASS 4 - Putting medical expenses on the lower income is not a rule. Analyze them. (3:55)
-
StartT1 MASTERCLASS 5 - Often overlooked medical credit splitting especially among seniors (5:15)
-
StartT1 MASTERCLASS 6 - Where to find information on what's allowed as a medical expense (5:29)
-
StartT1 MASTERCLASS 7 - Example of research using common questions and finding answers (4:52)
-
StartT1 MASTERCLASS 8 - Two more resources that will help you with medical expense research (4:04)
-
StartT1 MASTERCLASS 9 - Sorting through the maze of medical expenses for nursing homes & attendant care (14:19)
-
StartIntroduction to the March 2019 newsletter and what we'll be covering (3:09)
-
StartCRA and their cart blanche application of the gross negligence penalties (5:29)
-
StartCRA reviews of Repairs and maintenance on Schedule 125 of corporation tax returns (6:13)
-
StartGSTHST residential and residential rental rebates and reviews - what to be aware of and areas to understand (6:55)
-
StartThe CRA's Dedicated Telephone Service (DTS) for small practices and tax preparers (4:01)
-
StartDoing business in Quebec and the mandatory registration for QST (3:51)
-
StartThe new Climate Action Incentive refundable tax credit and how to claim it (5:43)
-
StartMore nonsense from CRA and their application of intention rules (4:10)
-
StartT1 MATERCLASS 1 - Self employment and the EI and CPP rules (1:55)
-
StartT1 MATERCLASS 2 - Overview of the CPP rules for self-employed between 60 and 70 (4:36)
-
StartT1 MATERCLASS 3 - Properly filling out the Schedule 8 for those between 65 and 70 (8:42)
-
StartT1 MATERCLASS 4 - EI for self employed and opting into the system (4:48)
-
StartT1 MASTERCLASS 5 - Reistration process and filing requirements for those who have opted in (2:43)
-
StartT1 MASTERCLASS 6 - Reporring EI premiums on the T1 return and payment of premiums (4:42)
-
StartT1 MASTERCLASS 7 - Some considerations when advising on CPP premiums and EI opt-in (5:48)
-
StartIntroduction to the February 2019 newsletter and what we'll be discussing (3:35)
-
StartCRA AUDITS - Overview of CRA initiatives and how CRA is reviewing & auditing real estate (6:53)
-
StartCRA AUDITS - CRA auditors can often be illogical or unreasonable - be sure to fight them (9:01)
-
StartCRA ASSESSMENTS - CRA Starting to assess penalties on T5018's (3:39)
-
StartCRA AUDITS - Aggressive nature of CRA auditors and what to expect (6:11)
-
StartCRA AUDITS - What to do should you find yourself with an aggressive auditor or CRA position (8:17)
-
StartNEW CCA RULES - Accelerated Capital Cost Allowance - Budget 2019 (6:40)
-
StartGoing back to basics and understanding investment income earned in a corporation (9:33)
-
StartThe basics of dividend income through a corporation (6:03)
-
StartT1 MASTERCLASS 1 - Employment expenses - T2200 and T777 (1:59)
-
StartT1 MASTERCLASS 2 - Issues with the T2200 and common mistakes made (7:16)
-
StartT1 MASTERCLASS 3 - Doing a critical overview of the T2200 before you deduct expenses (8:20)
-
StartT1 MASTERCLASS 4 - Vehicle expenses where employee is allowed deduction (6:30)
-
StartT1 MASTERCLASS 5 - Example of T2200 where no employment expenses are allowed (8:21)
-
StartT1 MASTERCLASS 6 - Commissioned salespeople and additional expense (5:01)
-
StartT1 MASTERCLASS 7 - Dealing with specific employment expenses (7:52)
-
StartT1 MASTERCLASS 8 - Understanding the GST-HST rebates and the potential risks (8:41)
-
StartIntroduction to the January 2019 newsletter and what we'll be discussing (3:36)
-
StartPLANNING - A summary of the important payroll numbers we need for 2018 and 2019 planning (5:15)
-
StartPLANNING - Summary of other important planning numbers for corps and personal planning (3:49)
-
StartCPP - Changes to the Canada Pension Plan and what it means for our clients (6:02)
-
StartCRA INITIATIVES - What may be coming to you sometime soon and what CRA is looking at (7:49)
-
StartSECTION 160 - Summary of important issues under Section 160 of Act (6:12)
-
StartSECTION 160 - How section 160 affects our planning - Strategies and approaches to consider (6:06)
-
StartCRA REVIEWS - Professional fees - be aware of what else they can potentially lead to (5:49)
-
StartT1 MASTERCLASS - CCA VEHICLES 1 - Capital Cost Allowance - Vehicles (2:34)
-
StartT1 MASTERCLASS - CCA VEHICLES 2 - Review of the complexities with Class 10 and 10.1 (9:19)
-
StartT1 MASTERCLASS - CCA VEHICLES 3 - Review of general rules and Class 10 vehicles (9:57)
-
StartT1 MASTERCLASS - CCA VEHICLES 4 - Special CCA rules related to Class 10.1 (8:19)
-
StartT1 MASTERCLASS - CCA VEHICLES 5 - Factoring GST input tax credits into the mix (3:32)
-
StartT1 MASTERCLASS - CCA VEHICLES 6 - Entering the proper information into tax software for accurate results (9:37)
-
StartT1 MASTERCLASS - CCA VEHICLES 7 - Tip - Proper documentation and records for any vehicle additions (4:37)
-
StartLittle steps you may consider irrelevant but can make a huge difference (7:26)
-
StartIntroduction to the December 2018 newsletter (3:48)
-
StartPRACTICE MANAGEMENT - What kind of clients to watch out for - Who to take on and who to avoid (5:37)
-
StartPRACTICE MANAGEMENT - How to deal with clients on complex issues and avoiding headaches (6:42)
-
StartTAX PLANNING - When do I have to declare dividends or a salary (6:45)
-
StartTAX PLANNING - Tax planning If the corporation owes the shareholder money (11:40)
-
StartCAPITAL LOSSES - What if I have shares with a zero value on my statement (10:00)
-
StartT1 MASTERCLASS - OAS 1 - Old Age Security (OAS) Pension - Overview (4:08)
-
StartT1 MASTERCLASS - OAS 2 - What is the eligibility to receive the OAS? (2:23)
-
StartT1 MASTERCLASS - OAS 3 - Maximum pensions, calculations and the Guaranteed Income Supplement (GIS) (5:28)
-
StartT1 MASTERCLASS - OAS 4 - What are the clawback amounts for the OAS? (7:30)
-
StartT1 MASTERCLASS - OAS 5 - Why is this clawback amount such an important part of our practice? (7:43)
-
StartT1 MASTERCLASS - OAS 6 - What happens once there is a clawback on the personal T1 return? (6:26)
-
StartT1 MASTERCLASS - OAS 7 - What to do when there is a year with high income that won't continue? (9:07)
-
StartT1 MASTERCLASS - OAS 8 - Planning with seniors to avoid the OAS clawback (9:05)
-
StartT1 MASTERCLASS - OAS 9 - Deferring the OAS to maximize retirement income and minimize taxes (7:51)
-
StartWhat we will be covering in the November 2018 edition of the newsletter (3:27)
-
StartCRA VIEWS - CRA is assessing many residential flip transactions as business income (6:55)
-
StartIndependent contractor - be aware of labour law firms advertising campaigns about EI (5:28)
-
StartCRA AUDITS - Employment audits and what you can expect on these "limited" reviews (10:16)
-
StartCRA AUDITS - Employment audits and the details CRA will look for on company owned autos (6:59)
-
StartTOSI - Getting off the TOSI train and meeting any of the current exceptions (2:48)
-
StartTOSI - What are the exceptions and excluded amounts to TOSI? (4:42)
-
StartTOSI - Quick reference chart & CRA site to help you navigate the complex rules (4:55)
-
StartTOSI - Excluded business test for active involvement in the business (5:30)
-
StartTOSI - Reasonable return test for reasonable return on capital put into business (4:40)
-
StartTOSI - Excluded shares test for non-service related business corporations (2:47)
-
StartT1 MASTERCLASS - Year End Planning 1 - Overview of approach with year end planning (2:58)
-
StartT1 MASTERCLASS - Year End Planning 2 - Capital gains and losses tax planning (4:40)
-
StartT1 MASTERCLASS - Year End Planning 3 - Business planning and capital purchases (3:31)
-
StartT1 MASTERCLASS - Year End Planning 4 - Year end donation strateiges and donating shares (3:55)
-
StartT1 MASTERCLASS - Year End Planning 5 - Review medical expenses and payment options (4:11)
-
StartT1 MASTERCLASS - Year End Planning 6 - RRSP strategies for withdrawals and HBP (6:29)
-
StartT1 MASTERCLASS - Year End Planning 7 - Capital gains looking forward and looking back (4:13)
-
StartT1 MASTERCLASS - Year End Planning 8 - Other year end planning items to consider (7:54)
-
StartWhat we'll be covering in the October 2018 edition of the newsletter (4:05)
-
StartCRA PROJECT - Current CRA project underway to review vehicle expense (6:10)
-
StartCOURT CASE - Vehicle Allowance - Basing the allowance on estimated km driven (6:59)
-
StartTOSI CHALLENGES AHEAD - What if there is more thank one type of business? (7:12)
-
StartCOURT CASE - CRA can sue the bank for not remitting past HST and/or Payroll due (5:24)
-
StartDONATION VALUES - Be aware of complexities with valuing donations in kind (5:56)
-
StartT1 MASTERCLASS - Instalments 1 - Overview of personal tax instalment practitioner issues (4:57)
-
StartT1 MASTERCLASS - Instalments 2 - Brief overview of the rules and clients who are usually affected (8:02)
-
StartT1 MASTERCLASS - Instalments 3 - Rules and understanding how instalments and interest work (9:56)
-
StartT1 MASTERCLASS - Instalments 4 - What happens the first year client is required to make instalments (5:21)
-
StartT1 MASTERCLASS - Instalments 5 - Dealing with proprietors and fluctuations in business income (10:40)
-
StartT1 MASTERCLASS - Instalments 6 - Giving seniors options with respect to their instalments (9:49)
-
StartT1 MASTERCLASS - Instalments 7 - Adjusting and taking into account one time transactions (6:44)
-
StartT1 MASTERCLASS - Instalments 8 - Practice tools for avoiding issues with instalments (8:21)
-
StartT1 MASTERCLASS - Instalments 9 - Sample emails and T1 letter paragraphs (9:20)
-
StartWhat we'll be covering in the September 2018 edition of the newsletter (5:29)
-
StartWhat's in store for Tax Bytes Practice Mentor - Price increase does NOT affect you (6:05)
-
StartCRA TOOL - Review of CRA's My Account and why your clients should sign up (5:54)
-
StartSOFTWARE UPDATE - Release of 2018 T1 returns on Profile and how I use it to review (10:23)
-
StartPERSONAL TAX - Make sure to classify and report dividends properly on T1 return (7:20)
-
StartDirector liability and CRA's approach to collecting corporate tax debt (4:19)
-
StartT1 MASTERCLASS 1 - Preparing and filing T1 Adjustments (T1ADJ) (2:18)
-
StartT1 MASTERCLASS 2 - What is a T1ADJ - The basics (4:32)
-
StartT1 MASTERCLASS 3 - Review of the form and approach to filling it out properly (7:05)
-
StartT1 MASTERCLASS 4 - Example of adjusting a return for missing T-slips (7:19)
-
StartT1 MASTERCLASS 5 - Simple approach and time saving tip when there are numerous slips & items (9:47)
-
StartT1 MASTERCLASS 6 - Example of adjusting a return to claim rental or employment income (7:43)
-
StartT1 MASTERCLASS 7 - Common problem of missing RRSP slips and filing adjustment (9:55)
-
StartT1 MASTERCLASS 8 - Tuition transfers and adjusting student returns (9:12)
-
StartT1 MASTERCLASS 9 - Different ways of filing a T1ADJ - what you can and cannot file (6:34)
-
StartT1 MASTERCLASS 10 - Step by step instructions on how to use Refile on Intuit Profile (14:53)
-
StartT1 MASTERCLASS 11 - Be aware of the implications and ramifications of filing a T1ADJ (7:05)
-
StartT1 MASTERCLASS 12 - The documentation you need to send in with adjustment (6:53)
-
StartT1 MASTERCLASS 13 - Some tips and do's and don'ts when filing adjustments (8:26)
-
StartPERSONAL TAX - Capital gain reserve and how to use it to reduce taxes (9:40)
-
PreviewWhat we'll be covering in the August 2018 edition of the newsletter (3:59)
-
StartCRA UPDATE - Are the new income splitting rules going to be a nightmare for practitioners? Probably (13:01)
-
StartCRA NEWS - Lenders asking CRA to verify income directory - be wary of potential fraud (9:16)
-
StartPRACTICE NEWS - T slips no longer need to be sent to employees (6:43)
-
StartCOURT CASE - Section 352 of Excise Tax Act application for time frame and loan (7:33)
-
StartCOURT CASE - Section 160 on provision of legal services to a related corporation (6:09)
-
StartCRA AUDITS - CRA undertaking employment audits of larger corporations (5:17)
-
StartSKILL SNACK 1 - Compilation Engagements - Client Mash Up (2:41)
-
StartSKILL SNACK 2 - Review of the new client and accounting file sent by client (9:41)
-
StartSKILL SNACK 3 - Figuring out the pieces you have and the ones you need (7:18)
-
StartSKILL SNACK 4 -Review of the additional documentation provided and action plan (9:42)
-
StartSKILL SNACK 5 - Preparing the working papers and compiling the financial statements (14:24)
-
StartSKILL SNACK 6 - Entering the journal entries into accounting software and reviewing (11:40)
-
StartSKILL SNACK 7 - Preparing the corporate tax return for a first year incorporation (12:57)
-
StartSKILL SNACK 8 - Another look at supporting documentation and attaching to our files (7:42)
-
PreviewWhat we'll be covering in the July 2018 edition of the newsletter (3:14)
-
PreviewDo small businesses have to pay a lawyer to maintain their minute book (7:47)
-
StartSub-contracts in the construction industry and issuing T5018 (6:35)
-
StartOffshore trusts reporting now a target for CRA and new rules for 2021 (6:38)
-
StartPassive income rules and the proposals in the 2017 budget - what they mean (8:16)
-
StartCharitable donation receipts and technical information needed on the slips (4:52)
-
StartPRACTICE TOOL - Finding the law using the CanLI website - cases and legislation (4:06)
-
StartSKILL SNACK 1 - Compilation Engagements - Client Provided Worksheets (5:00)
-
StartSKILL SNACK 2 - Analyzing what needs to be done and the most efficient process (7:48)
-
StartSKILL SNACK 3 - Using a transaction group approach to prepare the financials (7:14)
-
StartSKILL SNACK 4 - Reviewing the client information and starting the file (9:27)
-
StartSKILL SNACK 5 - Using a clearing account approach for sole shareholder files (8:04)
-
StartSKILL SNACK 6 - Preparing the current year file - carrying forward last year's info (10:13)
-
StartSKILL SNACK 7 - Entering bank reconciliation - sales and AR transactions (19:02)
-
StartSKILL SNACK 8 - Reviewing expenses and entering journal entries (15:33)
-
StartSKILL SNACK 9 - Working with the tax accounts including T2 preparation (15:10)
-
StartSKILL SNACK 10 - Important final step before you file the T2 corporate tax return (6:03)
-
StartSKILL SNACK 11 - Review of the working paper file and attachments (9:12)
-
PreviewWhat we'll be covering in the June 2018 edition of the newsletter (4:36)
-
StartSection 160 of the Income Tax Act and what CRA can do to collect taxes owing (9:17)
-
PreviewCOURT CASE - Section 160 and FMV consideration paid in exchange for home (10:00)
-
StartReview of rules for deducting interest expense on money borrowed to invest (7:00)
-
StartCOURT CASE - Rules for deducting interest on money borrowed to earn investment income (8:39)
-
StartReview of rules for deducting carrying charged. What is allowed and not allowed (8:09)
-
StartDon't miss these carrying charges on your client files - T slip reporting (3:53)
-
StartSKILL SNACK 1 - Compilation Engagements File Maintenance (6:34)
-
StartSKILL SNACK 2 - Ace Engineering Consultants first step by step process of file review (8:37)
-
StartSKILL SNACK 3 - Entering the trial balance in Caseware and what to do and not do (11:13)
-
StartSKILL SNACK 4 - Entering the adjusting entries into the client file (13:05)
-
StartSKILL SNACK 5 - Prepping for future work and filing that needs to be done (7:53)
-
StartSKILL SNACK 6 - Preparing working paper file and maintenance (14:53)
-
StartSKILL SNACK 7 - Preparing the corporate tax return for Ace Engineering Services (9:22)
-
StartSKILL SNACK 8 - Final financial statement - checklist preparation and client correspondence (13:42)
-
PreviewIntroduction to the May 2018 newsletter and what we'll be covering (5:14)
-
StartCOURT CASE - Good case to analyze and get more familiar with business expenses (8:52)
-
StartIncome attribution rules and some practical guidance on how it applies (6:26)
-
StartTax plan on moving investment income from low earner to high earner (6:44)
-
StartClearing up some issues in the principal residence exemption landscape - the +1 in the equation (3:14)
-
StartCOURT CASE - Roof replacement as a current expense rather than a capital expend (7:03)
-
StartTAX STRATEGY - Strategy to have a portion of capital or renovations as a current expense (8:39)
-
StartCRA NEWS - What if clients owe money to CRA - how long do they have to pay? (4:36)
-
StartSKILL SNACK 1 - Compilation Engagement Overview & TB clients (3:24)
-
StartSKILL SNACK 2 - The Basics of NTR compared to assurance engagements (9:16)
-
StartSKILL SNACK 3 - Determine who the users of the financial statements and whether assurance is necessary (8:21)
-
StartSKILL SNACK 4 - All companies have to be audited unless waived by shareholders (5:39)
-
StartSKILL SNACK 5 - Types of compilation engagements and how you will receive information from clients (6:36)
-
StartSKILL SNACK 6 - Clients who provide a trial balance - Is the information provided reliable? (5:41)
-
StartSKILL SNACK 7 - Step by step process for trial balance clients SC (11:30)
-
StartSKILL SNACK 8 - Example of reliable bookkeeper preparing the trial balance SC (12:31)
-
StartSKILL SNACK 9 - Example of client with some bookkeeping knowledge SC (13:01)
-
StartSKILL SNACK 10 - Example of client with no knowledge and not providing useful info (10:40)
-
PreviewIntroduction to the April 2018 newsletter and what we'll be covering (4:22)
-
StartCRA NEWS - Miscoded income categories on GIFI - Court case Tax Lane Feb 2018 (8:15)
-
StartONLINE TOOL - Retirement income calculator and example on how to use it (10:00)
-
StartIssues related to employment vs. sub-contractor and the overlooked EI issues (8:37)
-
StartCOURT CASE - More cases regarding property flips and something that is now very common (7:39)
-
StartPaying spouses for work that is hard to justify and improper documentation (4:27)
-
StartPERSONAL TAX - Heads up on donations and claiming proper donations (5:18)
-
StartPERSONAL TAX - CRA on the lookout for business losses - CRA auditor heads up (5:01)
-
PreviewIntroduction to the March 2018 newsletter and what we'll be discussing (4:33)
-
StartPRACTICE ADVISORY - Are we responsible for our clients personal tax returns? (7:04)
-
StartREOP test and what we should look out for - Interesting student question and approach in dealing with clients (6:49)
-
StartTAX PLANNING: Paying salary or wages to family members working in the family business (6:29)
-
StartTAX PLANNING: Paying family members for child care services - What can and cannot be claimed (6:19)
-
StartCRA NEWS - Results of the CRA real estate projects and what to expect (6:57)
-
StartTAX UPDATE - Some difficulties lie ahead in 2017 for tuition and textbook credits (4:28)
-
StartCRA NEWS - CRA's new position and rollback of owner-manager employment expense issues (4:46)
-
StartDREAM PRACTICE - Tax Season Survival Tips - Run a smooth & profitable tax season (3:12)
-
StartDREAM PRACTICE - Tip 1 - Letter and checklist to clients with instructions (10:18)
-
StartDREAM PRACTICE - Tip 2 - Don't wait and let things pile up (6:19)
-
StartDREAM PRACTICE - Tip 3 - Sorry closed for business (8:25)
-
StartDREAM PRACTICE - Tip 4 - Don't pick up that phone or answer that email (6:51)
-
StartDREAM PRACTICE - Tip 5 - Break it down into manageable chunks (7:10)
-
StartDREAM PRACTICE - Tip 6 - Give to May & June what belongs to June (4:54)
-
StartDREAM PRACTICE - Tip 7 - You can come and see me - maybe (6:48)
-
StartDREAM PRACTICE - Tip 8 - All tax returns are not created equal (6:59)
-
PreviewIntroduction to the February 2018 newsletter and what we'll be discussing (3:17)
-
StartCRA VIEWS - Bitcoin and cryptocurrency taxation - how do you deal with bitcoin transactions? (5:31)
-
StartCOURT CASE - Lawyer not allowed to deduct losses from law practice (6:12)
-
StartTAX VIEWS - Extension of previous court case - Expenses while doing charitable work (3:52)
-
StartCOURT CASE - Legal fees incurred to defend criminal charges - Are they deductible? (5:23)
-
StartCRA NEWS - CRA's Postal code project in the works (3:42)
-
StartCRA AUDITS - PayPal business account reviews and audits (4:38)
-
Start2017 TAX UPDATE - The new Canada Caregiver Credit (9:29)
-
Start2017 TAX UPDATE - Canada Caregiver - The supplemental amount (2:28)
-
PreviewSKILL SNACK 1 - Introduction to Payroll 4 - Other Taxable Employment Benefits (2:51)
-
StartSKILL SNACK 2 - CRA'S Employment Benefits Guide and Website for Reference (3:41)
-
StartSKILL SNACK 3 - Employer paid parking (6:36)
-
StartSKILL SNACK 4 - Employer paid public transit passes (4:46)
-
StartSKILL SNACK 5 - Employee & Spouse travel expenses and allowances (10:42)
-
StartSKILL SNACK 6 - Training and education costs for employees (5:49)
-
StartSKILL SNACK 7 - Gifts and awards to employees (6:37)
-
StartSKILL SNACK 8 - Loyalty points and similar programs (4:25)
-
StartSKILL SNACK 9 - Company social events (2:58)
-
StartSKILL SNACK 10 - Insurance & Other Medical Plans - PHSP, Medical, Life Insurance, etc (8:50)
-
StartSKILL SNACK 11 - Interest free or low interest loans (5:36)
-
StartSKILL SNACK 12 - Subsidized meals and overtime meals/allowances (5:03)
-
StartSKILL SNACK 13 - Company provided cell phones and cell plans (3:24)
-
PreviewIntroduction to the January 2018 newsletter and what we'll be discussing (3:46)
-
StartRoundup of the changes affecting preparation of 2017 T1 returns (7:47)
-
Start2018 Payroll and tax planning numbers for CPP, EI & RRSP's (3:38)
-
StartSignificant increase in the minimum wage in Ontario & other provincial numbers (4:07)
-
StartAutomobile limits and other benefit numbers for 2018 (2:48)
-
StartUPDATE - Where we are currently sitting in the Tax Consultation on Private Corporations (5:25)
-
StartUPDATE - Tax on Split Income (TOSI) - What gets caught in the new rules and the exclusions (7:42)
-
StartSKILL SNACK 1 - Introduction to Payroll 3 - Taxation of Employee Automobile Benefits (2:31)
-
StartSKILL SNACK 2 - Importance of automobile benefits - Low hanging fruit for auditors and high area of audit (4:49)
-
StartSKILL SNACK 3 - Navigating the different treatment of various automobiles (4:24)
-
StartSKILL SNACK 4 - When do automobile benefits arise (4:22)
-
StartSKILL SNACK 5 - Conceptual framework and taxable benefits formula (3:51)
-
StartSKILL SNACK 5a - The Standby Charge & Operating Cost Benefits (2:19)
-
StartSKILL SNACK 6 - Rules and formula to calculate the Standby Charge Benefit (15:11)
-
StartSKILL SNACK 7 - Rules and formula to calculate the Operating Cost Benefit (9:00)
-
StartSKILL SNACK 8 - Example of Automobile Benefit Calculation (6:38)
-
StartSKILL SNACK 9 - Vehicle and allowance reimbursements (9:36)
-
StartSKILL SNACK 10 - T4 Reporting & Issuing T2200 to employees who are paid vehicle allowances (8:53)
-
StartSKILL SNACK 11- Available for use rules and company policy to avoid employee taxable benefits
-
StartSKILL SNACK 12 - Taxation of motor vehicles and how it differs from automobiles (4:04)
-
PreviewIntroduction to the December 2017 newsletter and what we'll be talking about (3:23)
-
PreviewManagent fees between related corporations - beware (8:48)
-
StartCPP primer and the eligibility criteria for getting the maximum CPP benefit (6:19)
-
StartCPP reductions for early withdrawals and CPP increase for late application (4:40)
-
StartDetermining the CPP breakeven point and how to use it (4:41)
-
StartThought process involved on whether someone should take CPP early (8:08)
-
StartDon't confuse OAS with the CPP rules, eligibility and planning (6:17)
-
StartOAS tax planning issues involving seniors and working with the OAS clawback (11:41)
-
StartSKILL SNACK 1 - Introduction to Payroll 2 - Dealing with CPP, EI, Vacation Pay, Severance & Other (3:53)
-
StartSKILL SNACK 2 - Preparing journal entries for payroll process and transactions (9:47)
-
StartSKILL SNACK 3 - How the CPP & EI rates are calculated and who must contribute (10:04)
-
StartSKILL SNACK 4 - CPP rules regarding exemptions and dealing with employees between 65 & 70 (7:07)
-
StartSKILL SNACK 5 - A review of the CPT30 election form and filling it out properly (6:31)
-
StartSKILL SNACK 6 - What you need to know about the EI calculation and system (12:21)
-
StartSKILL SNACK 7 - Understanding how the payroll tables work and learning from them (8:15)
-
StartSKILL SNACK 8 - Understanding Workers Compensation and requirements to register and remit premiums (11:34)
-
StartSKILL SNACK 9- Employer Health Tax for businesses with permanent establishments in Ontario (4:28)
-
StartSKILL SNACK 10 - Vacation pay primer and what you need to do for your payroll clients (11:57)
-
StartSKILL SNACK 11 - Severance and the rules for letting employees go (9:12)
-
PreviewIntroduction to the November 2017 newsletter and what we'll be looking at (2:45)
-
PreviewCRA VIEWS - Tips for dealing with CRA collections officers (8:31)
-
StartCRA VIEWS - What does it mean when an IT Bulletin has been archived? (3:53)
-
StartCRA NEWS - Account reviews on T2 returns - GIFI account reviews in the pipeline (4:16)
-
StartCRA VIEWS - Separated but living under one roof - Is it possible to claim credits? (8:34)
-
StartCRA NEWS - Investment management fees and benefit tax for 2019 (3:45)
-
StartCOURT CASE - Reasonability of business expenses - A good case to use as a tool (7:24)
-
StartSKILL SNACK 1 - Introduction to Payroll - Doing payroll for clients (3:01)
-
StartSKILL SNACK 2 - Factors when considering doing client payroll - Can you do it? (7:02)
-
StartSKILL SNACK 3 - Overview of the process for payroll clients and what you need to do (4:32)
-
StartSKILL SNACK 4 - Phase 1 - Client file setup - What you need to determine with the client (9:05)
-
StartSKILL SNACK 5 - Phase 2 - Payroll processing and administration - Doing the payroll (9:10)
-
StartSKILL SNACK 6 - Phase 3 - Payroll remittances - What to withhold and remit to the CRA (6:29)
-
StartSKILL SNACK 7 - Phase 4 - Annual Reporting requirements - The T4 filing process (5:24)
-
StartSKILL SNACK 8 - Review of the TD1 form and what you need to know (5:38)
-
StartSKILL SNACK 9 - A Useful Tool - CRA's online payroll deductions calculator and how to use it (8:23)
-
StartSKILL SNACK 10 - An example of the payroll processing process (7:40)
-
StartSKILL SNACK 11 - Run through of T4 preparation and T4 Summary (14:12)
-
PreviewIntroduction to the October 2017 newsletter and what we'll be looking at (4:18)
-
StartTurning off the sprinklers to make ths system more fair - not the main problem (6:23)
-
StartWhat would be considered reasonable and how do will they propose to implement this? (8:08)
-
StartTaxing passive income and the 70 percent tax rate conundrum (6:52)
-
StartThe implications and collateral damage on what can happen - partnership example (6:21)
-
StartNo retroactive effect on our clients and taxpayers? - think again (2:38)
-
StartIntroduction to an interesting and valuable video from Peter Weissman (1:22)
-
StartPeter Weissman on LinkedIn - Standing Committee on Finance - Presentation
-
PreviewSKILL SNACK 1 - Dealing with CRA objections and appeals - Get ready for lots of these (4:41)
-
StartSKILL SNACK 2 - How long is this going to take to get resolved? (4:55)
-
StartSKILL SNACK 3 - Don't be intimidated and be prepared - new information provided (5:59)
-
StartSKILL SNACK 4 - RC4067 Protocol & referrals back down to the audit division (4:09)
-
StartSKILL SNACK 5 - Do some research before dealing with appeals - additional info (4:59)
-
StartSKILL SNACK 6 - Keep on top of officers once assigned and ensure you are part of process (5:19)
-
StartDREAM PRACTICE 1 - Analyzing the risk in a client file and what it means to your practice (6:12)
-
StartDREAM PRACTICE 2 - Step One - General and personality and do you mesh (4:51)
-
StartDREAM PRACTICE 3 - Step Two - Cursory overview of the financial statements & worst case scenario (9:40)
-
StartDREAM PRACTICE 4 - Step Three - Detailed look at the books and records (5:15)
-
StartDREAM PRACTICE 5 - Overview of the spreadsheet tool and how to use it (4:11)
-
StartDREAM PRACTICE 6 - Review of the system and scoring - review of the questions (16:56)
-
StartDREAM PRACTICE 7 - Review of a small business client example (11:59)
-
StartDREAM PRACTICE 8 - Review of a micro business and the decision making process on new clients (11:33)
-
PreviewIntroduction to the September 2017 newsletter and what we'll be covering (3:38)
-
StartThe importance of details in filing appeals with the tax court of Canada (6:14)
-
StartEntering T4A date into tax software and the recent issues with CRA's matching program (7:11)
-
StartCRA NEWS - CRA's broad powers at requesting information from third parties - beware (6:41)
-
StartCOURT CASE - Charging GST/HST on assets & distinguising between GST/HST & Vehicle Tax (4:55)
-
StartCRA NEWS - New rules for Uber and other ride sharing service drivers (2:40)
-
StartSKILL SNACK 1 - Dealing with GST/HST and compliance audits (2:10)
-
StartSKILL SNACK 2 - What auditor's review when they do a GST/HST review of an account (6:53)
-
StartSKILL SNACK 3 - Compliance letters - pilot project that will turn into regular reviews (6:47)
-
StartSKILL SNACK 4 - Audits being conducted with junior auditors and left dealing with appeals (5:23)
-
StartSKILL SNACK 5 - Doing a reasonability check to ensure numbers make sense (11:05)
-
StartSKILL SNACK 6 - Should you file a return with ITC's even if you have no revenue (5:29)
-
PreviewDREAM PRACTICE 1 - Finding the right clients - effect on your practice and how to build a business (4:22)
-
StartDREAM PRACTICE 2 - The 80/20 rule applies to clients - do not accept everyone (7:06)
-
StartDREAM PRACTICE 3 - I haven't filed my personal returns for 5 years - can you help (6:50)
-
StartDREAM PRACTICE 4 - I haven't filed my corporate returns for 5 years - can you help (4:01)
-
StartDREAM PRACTICE 5 - The most effective way to grow your business (9:39)
-
StartDREAM PRACTICE 6 - Build your client profile and apply it to all new clients (8:06)
-
PreviewWhat we'll be covering in the August 2017 Tax Bytes Newsletter (5:08)
-
StartNew Canadian Tax Academy All Access - Info for Tax Bytes Subscribers (4:09)
-
StartTax preparer registration program put on hold & qualifications (3:44)
-
StartDedicated telephone services DTS for CPA's pilot project (4:02)
-
StartTax audit feedback - Have your say with the CRA and voice your concerns (3:18)
-
StartProposed changes for Private Corporations - What's in the pipeline? (8:10)
-
StartAutomobile standby charge for emergency. Ramifications for business clients (5:29)
-
StartTaxable benefit to sales reps if incorporated or proprietors (3:43)
-
PreviewSKILL SNACK 1 - Rental Income Reporting By Non-Residents (2:28)
-
StartSKILL SNACK 2 - The general framework of non-residents earning Canadian income (6:59)
-
StartSKILL SNACK 3 - The filing system for non-residents earning Canadian rental income (4:31)
-
StartSKILL SNACK 4 - An overview of the steps necessary for statutory filing (4:58)
-
StartSKILL SNACK 5 - Step 1 - Filing the Undertaking Form NR6 (7:18)
-
StartSKILL SNACK 6 - Step 2 - Remitting monthly payments based on rental income (6:00)
-
StartSKILL SNACK 7 - Step 3 - Filing NR4 statements at the end of the year (7:51)
-
StartSKILL SNACK 8 - Step 4 - Filing the Section 216 income tax return (4:56)
-
StartSKILL SNACK 9 - Example of process & filing requirements - Filing the NR6 & CRA Letter (8:16)
-
StartSKILL SNACK 10 - Example of process & filing requirements - NR4 filings and Section 216 return (8:20)
-
StartSKILL SNACK -11 Agent responsibilities and other areas to be aware of (10:39)
-
StartDREAM PRACTICE - Discover a creative hiring process - Save hours of time - Hire the best (8:09)
-
StartDREAM PRACTICE - Thinking outside the box - The benefits of this hiring system (2:59)
-
StartDREAM PRACTICE - Outline and discussion of the step by step process of this system (5:17)
-
StartDREAM PRACTICE -My revised and spiced up 5 step process (10:17)
-
StartDREAM PRACTICE - How to figure out the strengths of candidates before you hire them (7:34)
-
StartDREAM PRACTICE - Some useful tips and advice on applying this system (9:44)
-
PreviewWhat we'll be covering in the July 2017 Tax Bytes Newsletter (3:34)
-
StartStrategies and must-do's to keep your e-file number in good standing with CRA (7:08)
-
StartHigh areas of post-assessment review and how to make life easier for yourself (8:49)
-
StartCOURT CASE - Important information on imputed income & losses to apply to many clients (8:23)
-
StartAPPLIED STRATEGY - Stratgy for contractors doing work on own properties (7:10)
-
StartCRA NEWS - The new Voluntary Disclosure program and where CRA is headed (6:28)
-
StartCRA AUDITS - CRA targeting TFSA accounts - business income, ineligible investments & overcontributions (6:15)
-
StartSKILL SNACK - CRA Access Client Information - How to register (4:12)
-
StartSKILL SNACK - Properly filling out the T1013 and efiling - almost immediate (5:32)
-
StartSKILL SNACK - Downloading client information into your tax software (8:29)
-
StartSKILL SNACK - How to anaylze and review a client's T1 information (12:28)
-
StartSKILL SNACK - Reviewing client business number information on the CRA website (4:49)
-
StartDREAM PRACTICE - Getting help with your practice - My advice (6:48)
-
StartDREAM PRACTICE - The benefits of staff no matter what the size of your firm (7:35)
-
StartDREAM PRACTICE - You should focus your time on building a business (6:04)
-
StartDREAM PRACTICE - Some ideas on where to look and what to do (9:21)
-
PreviewWhat we'll be covering in the June 2017 Tax Bytes Newsletter (3:40)
-
StartFiling under the Voluntary Disclosure Program - Be aware of differences with adjustments (6:23)
-
StartFiling T1 Adjustments when sometihing was missed on a T1 or client gives you information after filing (5:18)
-
StartSome examples of simple T1 Adjustments that you will come across in your practice (8:45)
-
StartHow does the CRA handle T1-Adjustments and how long does it take (7:03)
-
StartWhat if you want to make changes to a GST/HST return that has already been filed? (5:32)
-
StartWouldn't it just be easier to wait for CRA to reassess and save client money? (5:51)
-
StartSKILL SNACK - What you should do when dealing with auditors on a client file or audit (4:30)
-
StartSKILL SNACK - Some advice on dealing with CRA agents and officers on the phone - a little goes a long way (6:48)
-
StartSKILL SNACK - A reality check when it comes to problems with CRA auditors (5:58)
-
StartSKILL SNACK - What you can expect when you file appeals and fight the CRA on a tax file and how long it will take (6:50)
-
StartSKILL SNACK - Advising clients on payment options with the CRA on appeals and objections (3:36)
-
StartSKILL SNACK - Issues with the various departments affected on an audit and how to deal with them (7:12)
-
StartDREAM PRACTICE - The benefits of business networking and why you should focus on it (6:29)
-
StartDREAM PRACTICE - Business networking groups you can join for maximum benefits (8:57)
-
StartDREAM PRACTICE - What to expect when networking and how to approach it (8:31)
-
StartDREAM PRACTICE - Solidifying relationship with clients (3:49)
-
PreviewWhat we'll be covering in the May 2017 Tax Bytes Newsletter (3:22)
-
StartThe importance of filing business returns on time to avoid future consequences (4:17)
-
StartCRA UPDATES - Arbitrary assessments for personal taxes and GST-HST (6:23)
-
StartCRA UPDATES - Problems with T4A assessments and the matching program's flaws (6:05)
-
StartCRA VIEWS - Employment expense deduction for cell phone plans, calls and data usage (6:52)
-
StartSKILL SNACK - Shareholder benefits -Capacity as shareholder, housing purchases and home office (3:20)
-
StartSKILL SNACK - Scenario where corporation buys/builds a home for shareholders - Is this feasible? (5:11)
-
StartSKILL SNACK - CRA's position on a corporation purchasing or building a personal residence for shareholders (5:49)
-
StartSKILL SNACK - Court Case - Bonhomme's corporation and principal residence (7:39)
-
StartSKILL SNACK - Landmark Youngman case used by CRA and Tax Court (5:10)
-
StartSKILL SNACK - Home office expense benefits and deductions in a corporation - Auditors all over the map (5:22)
-
StartSKILL SNACK - The difference approaches used by accountants asked to CRA for opinion (4:06)
-
StartSKILL SNACK - CRA's guidance and opinions on the variations of home office rent deductions (6:11)
-
StartPRACTICE MANAGEMENT 1 - Post tax season clean up and it's importance (3:28)
-
StartPRACTICE MANAGEMENT 2 - Client database as your central management tool (5:53)
-
StartPRACTICE MANAGEMENT 3 - Client database example using an Excel spreadsheet (9:18)
-
StartPRACTICE MANAGEMENT 4 - Getting the T1013 and T183 records up to date (5:48)
-
StartPRACTICE MANAGEMENT 5 - Instalment reminders to clients to avoid future problems (4:55)
-
StartPRACTICE MANAGEMENT 6 - Scanning client documents and the paperless office (5:56)
-
StartPRACTICE MANAGEMENT 7 - Making sure you get paid before too much time goes by (4:39)
-
PreviewWhat we'll be covering in the April 2017 Tax Bytes Newsletter (4:17)
-
StartFederal Budget 2017 - Changes in the tax world (6:20)
-
StartWhat we could expenct in the future based on current tax rumblings - tax the wealthy (5:34)
-
StartFuture bdugets - What could be in the pipeline with significant ramifications (6:49)
-
StartBeing aware of property flippers and the new tool CRA will be using to catch these (4:43)
-
StartCRA letter campaign for business losses in past 2 fiscal years (5:36)
-
StartSKILL SNACK - Avoiding the CRA radar map and blueprint on running a smooth practice (7:05)
-
StartSKILL SNACK - Little things that can make a big difference when not looked after properly (7:02)
-
StartSKILL SNACK - What can go wrong if you don't do the little things - Unnecesssary headaches and work (7:27)
-
StartSKILL SNACK - Which tax liability should be paid first - order of operations (4:59)
-
StartSKILL SNACK - Topping off instalment accounts at year end to avoid interest, penalties and issues (4:48)
-
StartPRACTICE TOOLS - Three useful software programs and apps to help run your practice (3:37)
-
StartPRACTICE TOOLS - Using Evernote as your cyber and mobile filing cabinet (4:29)
-
StartPRACTICE TOOLS - An overview of Evernote and its useful features for practices (5:54)
-
StartPRACTICE TOOLS - Setting up a client notebook and a notebook page for each client (6:41)
-
StartPRACTICE TOOLS - Using an Inbox notebook in Evernote to help manage and track information (3:24)
-
StartPRACTICE TOOLS - Trello - Ability to manage the workflow in your entire practice (4:19)
-
StartPRACTICE TOOLS - An overview of Trello and getting it set up for your practice (8:05)
-
StartPRACTICE TOOLS - How to use Trello to manage T1 return workflow (7:02)
-
StartPRACTICE TOOLS - Additional Trello tips and hacks (7:17)
-
StartPRACTICE TOOLS - A central filing cabinet that is indispensible for your practice (4:38)
-
StartPRACTICE TOOLS - A really useful feature in Dropbox that can save you lots of headaches (3:07)
-
PreviewWhat we'll be covering in the March 2017 Tax Bytes Newsletter (2:46)
-
StartPre and Post Assessment Reviews - What to expect for 2017 (10:52)
-
StartT1 RETURNS 2016 - Clearing up some confusion on the new donation credit and how to apply for 2016 (3:28)
-
StartCRA NEWS - Ability to general an NOA within 24 hours from our software (4:05)
-
StartCRA NEWS - New T183 form and how it is useful (4:42)
-
StartQuick Fire - Information we should be aware of for 2016 personal and corporate taxes (6:45)
-
StartQuick Fire - CRA News and quick fire roundup on what's going on at the Agency (8:25)
-
StartSKILL SNACK - Pricing your corprorate tax services - Difference between T1 & T2 Pricing (5:05)
-
StartSKILL SNACK - Avoiding hourly charges for corporate work and standard pricing (3:44)
-
StartSKILL SNACK - Making sure you get paid for all your work - separating services (6:52)
-
StartSKILL SNACK - Examples of pricing breakdown and psychology (8:04)
-
StartSKILL SNACK - Determining price for bookkeeping and corporate work (15:25)
-
StartDREAM PRACTICE - Using your website as an important tool for client communication (11:11)
-
StartDREAM PRACTICE - Don't make the About Us page about you, make it about clients (7:46)
-
PreviewWhat we'll be covering in the February 2017 Tax Bytes Newsletter (4:59)
-
StartCRA NEWS - CRA mailing GST-HST Compliance letters in new project (7:55)
-
StartCRA AUDITS - Trust account compliance and keeping files clean to avoid issues (6:15)
-
StartCRA NEWS - Dealing with CRA collections and their YouTube video (4:36)
-
StartSKILL SNACK 1 - Pricing your services and warnings on what not to do (9:14)
-
StartSKILL SNACK 2 - Difference pricing methods and what I recommend (9:10)
-
StartSKILL SNACK 3 - Fixed fee pricing plus additional work (9:39)
-
StartSKILL SNACK 4 - How to determine your base price (11:58)
-
StartDREAM PRACTICE - Examples of ineffective websites built using CCH Site Builder (6:35)
-
StartDREAM PRACTICE - The Framework of your website and what it can do for your practice (12:32)
-
StartDREAM PRACTICE - A Home Page & Services page that addresses the client's needs and concerns (11:57)
-
StartDREAM PRACTICE - Using an Expertise Page and Growth Page to give prospects what they are really looking for (6:26)
-
StartDREAM PRACTICE - What book should you choose and the first appointment (9:02)
-
PreviewWhat we'll be covering in the January 2017 Tax Bytes Newsletter (4:20)
-
StartSmall and medium sized business corporate and personal integration for 2016 (6:27)
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StartIntegration for high corporate rates, PSB's and investment income (5:23)
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StartDividend planning strategies and what you need to know (4:39)
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StartGST/HST Refund Audits - What to be aware of with filing refunds on GST/HST returns (4:20)
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StartSKILL SNACK - An overview of the employee vs sub-contractor issue - Primer (5:44)
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StartSKILL SNACK - Costs associated with hiring employees vs taking on contractors (7:01)
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StartSKILL SNACK - Dinstinguising between the classes - Work environment of employees vs. contractors (6:14)
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StartSKILL SNACK - Legal tests and tests used by the CRA to make a determination on status (6:34)
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StartSKILL SNACK - The dangers and pitfalls of having contractors classified and reassessed as employees (6:10)
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StartSKILL SNACK - What are the chances of getting caught - Different tools used by government (6:25)
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StartSKILL SNACK - What you and your clients can do to protect themselves and build a case (6:48)
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StartDREAM PRACTICE - The importance of a website and web strategy (2:05)
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StartDREAM PRACTICE - What your website should do for you and your firm (7:55)
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StartDREAM PRACTICE - Using wix.com to develop and create your own website (9:33)
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PreviewThe December 2016 issue - What we'll be covering in this edition (5:12)
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StartCOURT CASE - Denial of the Small Business Deduction - Is storage industry a business? (9:15)
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StartCOURT CASE - Were large management fees reasonable? (9:22)
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StartCRA NEWS - The new Small Business Deduction Landscape - Be aware of changes (5:04)
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StartCRA NEWS - The New SBD - Professional corporations and partnership structures (8:02)
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StartCRA NEWS - The New SBD - Some arrangements that may be caught under new rules (7:36)
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Start2016 TAX UPDATE - Year end tax planning for clients for the 2016 T1 year (11:26)
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StartDREAM PRACTICE - Approaches to building a succesful tax business (9:06)
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StartDREAM PRACTICE - The difference between building a business with value and a job (6:57)
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StartDREAM PRACTICE - The 2 books as a foundation for building a business (4:40)
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PreviewThe November 2016 issue - What we'll be covering in this edition (3:02)
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StartCRA NEWS - CRA Using social media to target taxpayers and new audits (3:53)
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StartCRA AUDITS & GUIDANCE - Is there such a thing as being red flagged for audits (6:00)
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StartCRA NEWS & CHANGES - Important update to principal residence exemption rules (2:16)
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StartSKILL SNACK - Principal residence exemption - Rules refresher on formula (4:37)
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StartSKILL SNACK - Often overlooked elements of the principal residence exemption (6:26)
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StartSKILL SNACK - Pay close attention to cottage properties to report properly (6:07)
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StartSKILL SNACK - The new reporting regime going forward (5:40)
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StartSKILL SNACK - Tax forms for the new rules - A review of the T2091 and Schedule 3 (3:11)
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StartCRA INFORMATION RELEASE - Fourth quarter 2016 prescribed interest rates
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PreviewThe October 2016 edition - What we'll be covering in this edition (3:25)
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StartCRA AUDIT PROCESS - Shareholder benefits - Can CRA audit the personal accounts of family members? (9:16)
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StartCRA VIEWS - The world of real estate audits and where the CRA is headed in this landscape (8:25)
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StartGUIDANCE - CRA audit results and what you can expect to get from CRA on real estate reviews (5:31)
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StartCRA AUDIT PROJECTS - The secret leaked report to CRA auditors and real estate projects (10:47)
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StartGUIDANCE - Is there a rule of thumb when claiming the princial residence exemption? Is it 1 year? (6:31)
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StartCRA REVIEWS & AUDITS - CRA reviews of companies suspected to be specified investment business (6:46)
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StartPRACTICE TOOL - Business income & HST worksheet to help prepare T2125's (6:14)
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StartPRACTICE TOOL - How to use the worksheet in your own practice (6:40)
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StartPRACTICE TOOL - Things to look out for on the spreadsheet - doing due diligence (6:32)
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StartPRACTICE TOOL - An example of a client file and using the tool effectively (9:20)
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StartPRACTICE TOOL - Some helpful tips on using the spreadsheet and extending it's use (6:39)
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StartTRAINING - Skill Snack - How to use court cases as filing positions (3:08)
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StartTRAINING - Skill Snack - Difference between general and informal tax court (4:25)
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StartTRAINING - Skill Snack - Using general and informal properly (5:10)
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StartTRAINING - Skill Snack - Using during a CRA review or audit- Skill Snack (4:26)
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StartCOURT CASES - Business vs. personal venture - Are you really running a business? (10:29)
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StartGUIDANCE - Registering & claiming GST/HST input tax credits in the start-up phase of a business (7:12)
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StartCRA VIEWS - When does the CRA deem documents to be received - Sending mail to CRA (3:08)