Personal Income Tax in Canada
4.1 (84 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
270 students enrolled

Personal Income Tax in Canada

Good Stuff to Know
4.1 (84 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
270 students enrolled
Created by Debi Peverill
Last updated 4/2017
English
English [Auto]
Current price: $11.99 Original price: $19.99 Discount: 40% off
2 days left at this price!
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This course includes
  • 1 hour on-demand video
  • 16 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • save money when you file your personal tax return
  • ask the right questions of your financial advisor
Requirements
  • All materials are included and no prior knowledge is neccessary to complete the course
  • You should have a program capable of opening PowerPoint Presentations
  • You should have a program installed on your computer that can open PDF files
Description

If you would like to know more about the Canadian income tax system this is the course for you. You will learn about deducting expenses, claiming income and the receipts that you need. There are a few tips – to help you save when you file your personal return. This information is not intended to replace the professional advice that your accountant will provide – merely to give you the knowledge you need to ask the right questions.

What is Covered in Each Lecture?

Tax System – When are your personal tax returns due? What receipts should you have and how long should you keep them?

Types of Taxable Income – Employment, pension, rental and investment income is discussed.

Employment Income - Learn about tips, T4’s, and the type of expenses that can be claimed if you get a T2200 from your employer.

Investment Income – This lecture covers interest, dividends and capital gains.

Pension Income – This lecture is about OAS, CPP and considerations about when you should apply for them. Also a discussion of RRSP and RRIF’s.

Rental Income – The forms you need to fill out if you are renting part of your house or another property. Discussion around the taxation of the sale of a cottage.

Medical Expenses – Medical expenses are subject to a limitation based on your income. Discussion of strategy to maximize the medical expense credit.

Other Credits – This lecture is about claiming dependants, a discussion about common law status, claiming tuition credits and the fitness and arts credit.

Moving Expenses – When can you claim moving expenses? A discussion on receipts and carrying forward expenses.

Tips – How to claim medical expenses and charitable donations in a family? Benefits of pension splitting and transferring tuition.

Who this course is for:
  • This course is for individuals who would like to know more about the Canadian income tax system
Course content
Expand all 12 lectures 50:10
+ Welcome to Personal Income Tax in Canada - Good Stuff to Know
1 lecture 01:47

What is covered in this course? Sources of income, types of deductions and tips for saving money on personal income tax returns.

Preview 01:47
+ Course Lectures
10 lectures 46:08

Tax System – When are your personal tax returns due? What receipts should you have and how long should you keep them?

Preview 05:48

Types of Taxable Income – Employment, pension, rental and investment income is discussed. 

Preview 03:02

Employment Income - Learn about tips, T4’s, and the type of expenses that can be claimed if you get a T2200 from your employer.

Employment Income
05:41

Investment Income – This lecture covers interest, dividends and capital gains.

Investment Income
05:14

Pension Income – This lecture is about OAS, CPP and considerations about when you should apply for them. Also a discussion of RRSP and RRIF’s.

Pension Income
04:03

Rental Income – The forms you need to fill out if you are renting part of your house or another property. Discussion around the taxation of the sale of a cottage.

Rental Income
05:53

Medical Expenses – Medical expenses are subject to a limitation based on your income.  Discussion of strategy to maximize the medical expense credit.

Preview 05:03

Other Credits – This lecture is about claiming dependants, a discussion about common law status, claiming tuition credits and the fitness and arts credit.

Other Credits
03:53

Moving Expenses – When can you claim moving expenses? A discussion on receipts and carrying forward expenses.

Moving Expenses
03:59

Tips – How to claim medical expenses and charitable donations in a family? Benefits of pension splitting and transferring tuition.

Tips for Filing
03:32