Taxation Basics

Course Description

What are the 10 concepts you need to know to do a basic business tax return? Discover what a business owner needs to know and what they are responsible for under the Income Tax Act and the Excise Tax Act (includes GST). Learn what accounts to set up in your accounting records to facilitate the preparation of a tax return so you can minimize the costs of using professional advisors and preparers. Upon completion of this course, you will understand the importance of the four types of income for tax purposes, general rules affecting deductibility of expenses, and be able to gather information required for Reconciliation of Accounting to Taxable Income, Capital Gains, and Capital Cost Allowance (income tax depreciation). This is a concentrated and robust learning experience complete with extensive in-class exercises. See Course Outline. Read Course Reviews.

This Course is Part of the Following Certificate(s) and/or Course Series:

• Bookkeeping Principles & QuickBooks

Certificate programs at Chinook are available in a variety of disciplines and formats and can be completed in a short period of time. Certificate courses can be taken individually, and some courses can be applied towards more than one certificate. Participants are required to Register to receive a certificate. Course Series let you bundle, save time and money.