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Latest Canadian Income Tax T1 Return-Level1
Rating: 4.8 out of 5(5 ratings)
37 students

Latest Canadian Income Tax T1 Return-Level1

Canadian Income Tax
Created byPrathyusha Bandaru
Last updated 3/2026
English

What you'll learn

  • Types of income: employment, business, property, and other income
  • Practical approach of preparing and reviewing T1 returns
  • Overview of the Canadian tax system and CRA regulations
  • Federal and provincial non-refundable tax credits

Course content

14 sections • 29 lectures • 18h 43m total length

  • Introduction11:21

    Learn the basics of Canadian income tax in level 1, including who files with the CRA, T1 general, income types, deductions and credits, and filing deadlines.

Requirements

  • There are no mandatory prerequisites for enrolling in the Canadian Personal Income Tax – T1 Return (Level 1) course. The course is designed for beginners as well as professionals who want to build a foundational understanding of Canadian personal taxation. However, the following are recommended to get the most out of the course: Basic understanding of accounting or bookkeeping concepts Familiarity with income, expenses, and financial terminology Basic computer skills and ability to use spreadsheets or tax software Interest in taxation or finance

Description

This course provides a comprehensive introduction to Canadian Personal Income Taxation with a primary focus on the preparation of T1 General Income Tax Returns. It is designed for beginners and professionals seeking foundational knowledge of Canadian tax laws and compliance requirements.

The course covers the structure of the Canadian tax system, residency status, taxable income, deductions, non-refundable and refundable tax credits, and federal and provincial tax calculations. Learners gain hands-on exposure to completing T1 returns for individuals, including employment income, self-employment income basics, investment income, and other common income sources.

Key topics include:

  • Overview of the Canadian tax system and CRA regulations

  • Determination of residency status for tax purposes

  • Types of income: employment, business, property, and other income

  • Allowable deductions and adjustments to income

  • Federal and provincial non-refundable tax credits

  • CPP and EI contributions

  • Tax payable, refunds, and balances owing

  • Introduction to tax slips (T4, T5, T3, etc.)

  • Practical approach to preparing and reviewing T1 returns

By the end of this course, participants will be able to understand and prepare basic T1 personal income tax returns, ensure compliance with CRA requirements, and build a strong foundation for advanced Canadian taxation studies.

  • Do it your self - T1 return for Canadians

  • Learn about tax credits and tax deductions to maximize tax refunds

  • save money when you file your personal tax return

  • ask the right questions of your financial advisor

  • Basic personal income tax

  • Filing a personal tax return

  • Online resources to access tax information

  • Complete detailed guide on Canadian Income Tax

  • Canadian corporate and personal taxation

  • Business income, deductions and limitations

  • Preparation of Canadian Final Tax Return

  • Identify the Importance of a Will

  • Identify the deductions available on Final Tax Return


Who this course is for:

  • This course is designed for individuals who want to gain a strong foundation in Canadian Personal Income Tax (T1 Return – Level 1). It is ideal for: Beginners with no prior experience in Canadian taxation Accounting, finance, or commerce students Bookkeepers and junior accountants Tax preparers and payroll professionals International professionals transitioning to the Canadian tax system Small business owners who want to understand personal tax compliance

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