Canada Accounts & Taxation
Accounting Modules
Module 1: Business Accounting
- Fundamentals of Accounting
- Accounting Process
- Classification of Balance Sheet
- Journal Entries & Adjusting Entries
- Account Reconciliation
- GST / PST
Module 2: QuickBooks Software
- Start QuickBooks Accounting
- Master Setup
- Customer
- Vendor
- Banking
- Class Accounting
- Integration of Bank/CC Accounts
- QuickBooks Reports
- Dashboard Customization
- Sales Tax Enteries
Module 3: MS Excel
- Basic and Advance Excel Formulas
- Pivot Table & Pivot Chart
- V-Look Up & H-Look Up
- What If Analysis Tools
- Advance Filtering
- Data Validation & Sorting
- If & Or Nested If
- Count If & Sum If
- Absolute, Mixed & Relative Reference Concept
Module 4: Business Communication & Interview Techniques
- Interview Preparations
- Email Drafting
- Online Meeting with Client
- Self Introduction in meeting with clients
- Report Discussion with Client
- Mock Practice
Module 5: Zoho or Xero
- Detail software practice of Zoho or Xero
- Certificate Exam Preparation
- Rs. 7,500/- Extra for this module
Taxation Modules
Module 1: Introduction to Canadian Tax System
- Overview of Federal, Provincial, and Territorial Taxation Powers
- Role and Structure of the CRA
- Progressive Tax System and Income Tax Brackets
- Types of Taxes
- Key Tax Dates and Periods
Module 2: Residency and Tax Liabilities
- Legal Definitions
- Criteria for Establishing Canadian Tax Residency
- Tax Implications
- Special Cases
- Consequences of Incorrect Residency Determination
Module 3: Determination of Income
- Employment Income
- Business and Professional Income
- Property and Other Income
- Capital Gains
Module 4: Tax Deductions and Credits
- Common Deductions
- Tax Credits
- Federal vs. Provincial Credits
- Calculation and Application Sequence
- Alternative Minimum Tax (AMT)
Module 5: CRA Website Overview
- Navigating the CRA Homepage and main menus
- Accessing Personal Account (MyCRA) and Business Account
- Retrieving tax forms, guides, and publications
- Using Online Tools
- Accessing guidance centres and support resources
Module 6: T1 – Personal Income Tax Return Overview
- Structure and layout of the T1 General Return
- Key schedules and supplementary forms
- Common errors in T1 preparation and filing
- Electronic filing options: NETFILE and EFILE
- Understanding CRA assessments, adjustments, and Notices of Assessment (NOA)
Module 7: T2 – Corporation Income Tax Return Overview
- Structure and major components of the T2 Return
- Requirements for Canadian-Controlled Private Corporations (CCPCs) and other entities
- Key differences in taxable income calculation (individuals vs. corporations)
- Filing deadlines, penalties, and instalment requirements
- Overview of major schedules (e.g., Schedule 1, 50, 100, 125, 141)
Module 8: Retirement Planning Tools
- Registered Retirement Savings Plan (RRSP)
- Tax-Free Savings Account (TFSA)
- Pension Income Splitting
- CRA Retirement Resources
Module 9: Case Study
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How Can Our Team Help You to Reach Your Goals
Number of students per batch: 8
Schedule a 30-minute call with our professional to discuss your goals and how we can help. This phone or Zoom call also outlines who we are and our process.
Duration:
2 Months
Meet with our team to gather the necessary data for your Financial Plan. We’ll discuss your finances, lifestyle, and goals, including investments, assets, expenses, and income.
Timings: Evening
(5:00pm-6:30pm)
Our advisor will present your personalized financial plan, ensuring it aligns with your evolving needs and goals, and provide clear steps to help you reach your objectives.
Course Fees:
Rs.20,000
Your advisor will send a copy of your plan with an actionable list of recommendations. We’ll implement and manage these, keeping you updated.