T2 Micro Business Course: The Next Step in Your Financial Education

Do you know how to prepare a T2 corporate return for your small business clients?  Knowledge Bureau’s T2 Corporate Tax Preparation for Micro Businesses course is an excellent solution for financial advisors who want deep practical knowledge on small business tax issues.

This course serves as an introduction to the preparation of a corporate income tax return for any small business operating under a corporate structure as a Canadian Controlled Private Corporation (CCPC). The case studies included in this course are current for the 2015 tax year; however, this course contains all known changes to rates through to 2019. From a company’s transformation from Proprietorship through to Corporation, this course will teach you the fundamentals of preparing a T2 return for the majority of small business corporations operating in Canada today. Case studies using major software programs such as TaxCycle, Intuit Profile and Thomson Reuters’ Dr. Tax are included.

“If you are thinking of adding preparation of corporate returns into your practice, or looking for a refresher on the current corporate laws and T2 completion, this course is what you are looking for,” said course updater Diane Elliott. “Recently updated aspects of this course include descriptions of commonly used schedules and steps to complete a T2 in more detail than the original course.”

In this course, the student will learn about accrual and cash-basis accounting, retained earnings and the return of capital, active business income and specified investment business income, and how to properly report income for tax purposes and reconciliation of transactions.

Other certified skillsets students will come away with include:

• Understanding tax principles for reserves utilized to defer taxes
• Knowing the tax consequences for stakeholders on various methods of remuneration
• Identifying opportunities for tax planning with personal and family tax returns

T2 Corporate Tax Preparation for Micro Businesses course is part of DFA-Bookkeeping Services Specialist™ program. To learn more about this program please click here. To find out more about the T2 Corporate Tax Preparation for Micro Businesses course and to register online please click here.

What our students say:

“Excellent content.” Brian D., AB

“The course gave me insights to how to prepare a T2 return, under the guidelines set forth by CRA and also the practical approach on how to keep both, the clients and the Government, happy.” Syed H., ON

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