Income tax changes and evolves over time. "Keeping up" is a continuous process. Unfortunately, many professionals don't have the time or resources and consequently fall behind. This course offers the opportunity to “catch up” on several recent years of changes and their potential impacts in one seminar.

Five years may seem like a relatively short period of time; but in the world of accounting, half of a decade can represent eons of important developments. Since income tax legislation changes and evolves over time, professionals need to maintain their current stock of knowledge while learning about new trends. Unfortunately, many lack the time or resources and consequently may fall behind on some changes.

This seminar provides an opportunity to remain updated on continual changes by reviewing the most important federal income tax developments that have occurred over the last five years. Therefore, busy professionals can quickly become knowledgeable about crucial tax updates and their potential impacts in a single seminar.

Participants enrolled in this course should have a comprehensive understanding of basic corporate and personal income tax.

Topics Include:

• Calculation of income
• Expenses and deductions
• Capital cost allowance
• Taxation of gains
• Retirement saving
• Income splitting
• Tax credits
• Rules that defer, deem, trigger, prevent, or reduce tax
• Federal income tax rates
• Income tax administration
• Various other developments

By the end of this course, participants should be able to:

• Discover how the income tax scene has changed.
• Distinguish current rules from former rules and recognize the significance of the changes.
• Discover the new pitfalls, strategies and opportunities.
• Identify areas for further study or in-depth instruction.