Programs & Courses

T2 Corporate Tax Preparation for Small/Medium Enterprises

Tax Planning

By: Evelyn Jacks

T2 Corporate Tax Preparation for Small/Medium Enterprises

PROGRAM: Tax Services Specialist, Business Services Specialist

If you are charged with the preparation of corporate income tax returns for small businesses, you need to be confident in the process and your skills beyond the preparing of the tax return. This course will provide you with an understanding of the business structure issues and tax options that underlie the taxation of corporate income so the return will not only be prepared accurately – but with a view to minimizing tax and identifying planning opportunities on a timely basis.

It is recommended that students take the Tax Preparation for Proprietorships course and the T2 Corporate Tax Preparation for Micro Businesses course as a prerequisite to this course.

CONTENT DESCRIPTION AND KEY CONCEPTS:

This course serves as an introduction to the preparation of a corporate income tax return small to medium sized businesses.  It contains access to the most recent tax changes in the most significant corporate tax education library in Canada:  EverGreen Explanatory Notes.  It also includes case studies by chapter, introducing the students to variety of filing scenarios, and ends with a comprehensive case study, in which the student prepares an actual return using tax software.  The course also includes a practice exam which has marked questions to allow the student to preview their performance, but don’t count to the final grade.

CERTIFIED SKILLSETS:

The integration of the personal and corporate tax  systems is discussed, introducing tax preparation and planning concepts, both for the corporation and its shareholders.

PRACTICE MANAGEMENT THESIS: Tax changes for the most current tax year included online, together with short answer and case study questions using leading edge software including:

  • ProFile Professional Tax Suite
  • DT Max Tax Software
  • Corporate Tax Interview Checklist
  • EverGreen Tax Research Software
  • The Marginal Tax Rate Calculator
  • Tax Return Estimator

MARKS ALLOCATION:

Quizzes 25%
Case Studies 50%
Final Exam 25%
Passing Grade 60%
Honours Achievement 90%

 


CE Credits

CE Credits
Knowledge Bureau 30 CPE credits
IPBC 30 CE credits
PBA 30 CPE credits

Table of Contents

Chapter 1:
What is a Corporation and How is it Taxed?
Chapter 2:
Basic Elements of the T2
Chapter 3:
Financial Statements and the T2
Chapter 4:
Using a Corporation
Chapter 5:
Determining Net Income
Chapter 6:
Taxable Income
Chapter 7:
Part I Tax, Dividend Refunds and Other Taxes
Chapter 8:
Other Adjustments
Chapter 9:
Filing, Assessments and Appeals
Chapter 10:
Tax Planning

What Graduates Say

My main objectives with this course were to upgrade my tax expertise, learn new topics, and help my clients to do their taxes with confidence. I liked everything about this course – it is challenging with great rewards. Necky T., BC
I was preparing T2 returns before enrolling in this course; now after finishing the course I find myself more confident than before. Once again thanks to Knowledge Bureau for making wonderful courses. Manmeet T., BC
Excellent course, the material is well written, clear and concise. An excellent course for learning and building a foundation for corporate tax. Evergreen is a great tool for finding information and increasing your knowledge on tax. The learning experience of this course for me was excellent as the material was easier to read than anyother tax textbook that I have used. I am able to use the knowledge taken from the course and apply it to my work. Everything was easy to use and find. I like the fact that I was able to print extra material if needed but could read it on the computer. Todd W., AB
I now have a pretty good understanding of how corporate tax is done except for the larger corporations. I found that there was a lot of information. I now have the knowledge to prepare a corporate tax return. Lucie M., ON