Personal Income Tax in Canada
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Personal Income Tax in Canada

Good Stuff to Know
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3 students enrolled
Created by Debi Peverill
Last updated 4/2017
English
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Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 1 hour on-demand video
  • 16 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • save money when you file your personal tax return
  • ask the right questions of your financial advisor
View Curriculum
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 is the target audience?
  • This course is for individuals who would like to know more about the Canadian income tax system
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Curriculum For This Course
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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
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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
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Conclusion
1 Lecture 02:15
Course Summary
02:15
About the Instructor
Debi Peverill
4.3 Average rating
24 Reviews
83 Students
8 Courses
Founder & CEO of Painless Financial Training Group Inc.

Debi J. Peverill is a unique individual: a Chartered Accountant with a sense of humor. She enjoys helping business owners and managers avoid making financial mistakes, and protecting them from the government and banks. To this end she has written a series of easy-to-read financial books and spends time sharing her wisdom and insights by speaking to groups of business owners and managers.

Debi has founded three business including a public accounting firm, Peverill & Associates , in 1988 after spending ten years with national accounting firms. In 1998, she founded SBR Communications Inc., the vehicle for her speaking and publishing interests. In 2013, Painless Financial Training Group Inc. was created to offer people financial information they need to know to stay out of trouble and make more money.

She is an accomplished trainer. Debi teaches financial management courses in the Executive and Professional Development program, the Diploma in Management program, and the Executive Masters of Business Administration program at Saint Mary's University in Halifax, NS.