This course provides participants with practical knowledge of preparing Canadian corporate tax returns with the use of CCH TaxPrep. This is a case-based course that deals with practical issues, and deal directly with the corporate tax return, the forms and schedules utilized in the preparation of such returns.
1. Overview of the Corporate Taxation system in Canada (Overview)
2. Schedules and topics covered in practical case
| Topic(s) | T2 Form Code(s) |
Entering Client Information | ID |
| Entering Accounting Financial Statement data (Balance Sheet, Income Statement, Statement of Retained Earnings, and Notes to F/S, opening balance sheet) | GIFI – G100, G125, G140, G141, G101 |
| Calculation of Income for Tax Purposes from Accounting Income | Schedule 1 |
| Charitable Donations | Schedule 2 |
| Capital Gains/Capital Losses | Schedule 6 |
| Capital Cost Allowance (CCA) | Schedule 8 |
| Cumulative Eligible Capital Amount (CECA) – Pre-2017 | Schedule 10 (Pre-2017) |
| Reserves | Schedule 13 |
| Division C Deductions to get to Taxable Income | |
| Dividends Received from Canadian Resident Corporations and Part IV Tax | Schedule 3 |
| Charitable Donations | Schedule 2 |
| Non/Net Capital Losses | Schedule 4/4N |
| Dividends Paid by the Corporation and Dividend Refund | Schedule 3 |
| Check Total Tax Payable | Jacket (J) |
| Other Forms | |
| Multiple Jurisdictions | Schedule 5 |
| Aggregate Investment Income & Active Business Income | Schedule 7 |
| Associated Corporations | Schedule 9 |
| Pensions | Schedule 15 |
| SBD Limit sharing amongst associated corporations | Schedule 23 |
| First time after incorporation | Schedule 24 |
| Shareholder information form | Schedule 50 |
| Installments | IFED |
| Corporation Information Annual Return for Ontario | Schedule 546 |
1. Administrative and other matters
Haroon Khan is an experienced tax professional, having served over 10 years at the world’s leading accounting firms, including the Big 4, in the role of Senior Tax Manager and Tax Director.