Last updated: February 23 2016

It’s Not Too Late to Take the New Basic T1 Tax Course

Knowledge Bureau’s recently updated T1 Professional Tax Preparation – Basic course introduces a proven process for consistently accurate T1 tax preparation services, with a professional client interview and documentation management system, now featuring case studies using 2015 professional tax software.

The course will train your staff on tax preparation services and includes the latest tax changes for the 2015 and 2016 tax years, including changes introduced by the new Liberal government. Professional tax preparation and research software (student version) is included as one of the course components. The software is used to prepare tax returns for tax year 2015. Tax year 2016 scenarios are prepared using the Income Tax Estimator tool from the Knowledge Bureau Toolkit.

This course provides a thorough understanding of tax preparation for the five anchor profiles upon which every personal tax return is based, including credit filing, employees, families and children, investors and seniors. The course is perfect for owner-managers in the tax preparation industry who are still training new and returning staff, as well as new entrants into the tax preparation market, including newcomers to Canada with degrees and experience from another land.

   

The student will be exposed to a broad range of personal income tax topics in common scenarios, each featuring short-answer and true-to-life case studies that provide an overview of the basic elements of the tax return and the details behind claiming income, deductions and tax credits on most lines of the personal tax return. The student will be able to competently prepare basic personal tax returns.

The student prepares case studies for 2015 using the income tax software of their choice and researches tax questions using EverGreen Explanatory Notes. For students who don’t have their own software, student versions of ProFile, DRTax, and TaxCycle T1 software are available for download.

For more information about the T1 Professional Tax Preparation – Basic course, click here.

What our students say:

“I learned a lot about them and I can’t wait for the next course.” Anna Tirkalas (Innisfil, ON)

“Instructor was great in delivering tax law, by having discussion, helping with assignment. She went above and beyond to make sure I understood. The course is easy to learn because of the weekly assignment and quiz. Plus, in-class discussion made it easier to comprehend the material.” Abiy Habete (Windsor, ON)

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