It’s Not Too Late to Learn Professional Tax Preparation for 2020 Returns

It’s not too late to learn to prepare personal income tax returns from your home or office and now you can confidently learn and practice doing 2020 tax returns with Knowledge Bureau’s newly released 2021 Professional Basic Tax Course. 

The Professional Income Tax Course – Entry Level is perfect for individuals who want to achieve the credentials needed to file income tax returns professionally out of their home or office or start a new career working for income tax preparation, accounting or financial services firms.  This is the right income tax course for training new staff in growing tax accounting offices.  Graduates are thoroughly trained on the latest personal income tax changes using professional tax software in a case study approach.  Research skills are honed, too in the comprehensive online research library known as EverGreen Explanatory Notes.  Plus, you can create “what if” scenarios using the sophisticated tax estimator tools from Knowledge Bureau in between software updates. 

Income tax preparation is always timely; an essential service for families to obtain tax refunds, refundable tax credits and make tax-efficient investment decisions.  In this comprehensive, yet easy-to-learn professional income tax course, learn using true-to-life case studies and student versions of professional income tax filing software.  Learn how to use income tax provisions to the best benefit of each individual and the household as a whole, filing their income tax returns accurately and with confidence.

This personal income tax course introduces a proven process for providing consistently accurate T1 tax filing services. The process starts with a professional client interview and documentation management system, as well as a thorough understanding of tax filing for the five anchor profiles upon which every personal tax return is based:

• Low-income and credit filing
• Employees
• Families and children
• Investors
• Seniors

Bonus:  you will learn more about the pandemic response provisions:

1. Review Tax filing/payment relief – 2020 returns
2. New tax brackets and rates (federal and provincial)
3. Overview of indexed 2020 and 2021 non-refundable tax credits
4. Low-income and credit filing (GSTC)
5. Employees  (EI programs, CERB, simplified T777/T2200 in the form of T777S/T2200S for 2020 and 2021)
6. Pandemic response benefits: CRB, CRSB, CRCB
7. Clawback of CRB
8. Self Employed provisions (rent relief, forgivable loans) 
9. Families and children (CCB, CESB)
10. Investors  (keep track of capital losses; RRSP/RPP maximums for 2020 and 2021)
11. Seniors (CPP benefits, OAS clawbacks, RRIF changes)
12. Write off for electronic subscriptions
13. New qualifying charitable organizations

Course Content

Chapter 1 | Introduction to Income Taxation in Canada
Chapter 2 | Using Software to Prepare the Return
Chapter 3 | Filing the Return
Chapter 4 | Low Income and Credit Filers
Chapter 5 | Reporting Employment Income
Chapter 6 | Claiming Employment Deductions
Chapter 7 | Families and Children
Chapter 8 | Reporting Investment Income
Chapter 9 | Pensioners
Chapter 10| New for 2021 and Beyond

Consider taking advantage of our Enhanced Certificate Program option, and take this course along with our Professional Income Tax Course – Advanced Level. You can enrol online using code ‘21LUCK’ for only $995

Offer expires March 31, 2021