The ABCs of tax to lower your tax burden - Aut25

Topics: Personal and corporate income tax

Targeted sub-categories: Training not specific to work execution

General objective :

Gain a better understanding of our tax system to minimize tax impact and take advantage of existing measures, while complying with current tax laws.

Specific objectives :

• Learn the basics of our tax system (provincial and federal);
• Identify the elements that have a tax impact on an individual and a company;
• Identify and integrate principles to reduce your tax burden;
• Recognize the pitfalls to avoid in tax planning and avoidance.

CONTENTS:

Introduction : Basic principles of provincial and Canadian taxation, misconceptions about our tax system, an individual's taxable income, tax brackets for individuals, taxes for small businesses in Quebec and Canada.

Reduce :Choosing the legal form of a company, rigorous accounting treatment, time deferral (RRSPs), distribution among several people, salaries versus dividends.

Specific cases :Loss carry-forward, capital gains, eligible and non-eligible expenses, popular tax deductions, depreciation and capital planning, automobiles and taxation, TFSAs, insurance and estate tax planning, common mistakes and pitfalls to avoid.

Complements : Management of sales taxes (GST, QST), payroll deductions and contributions, and legal considerations (mandate of incapacity, power of attorney, signatures, wills, partnership or shareholder agreements).

Delivery mode: Virtual