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Canadian Basic Income Tax Preparation Training

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Canadian Basic Income Tax Preparation Training

The Basic Canadian Personal Income Tax Preparation Course is a thorough and accessible 4-hour online training program designed to provide individuals with the knowledge and skills to confidently navigate Canada’s tax system. This course covers key topics essential for anyone looking to understand and manage their personal income taxes efficiently.

Module 1: Starting to Work

Learn the importance of a Social Insurance Number (SIN).
Understand when and how to fill out a TD1 form.
Decode the information on your pay stub and T4 slip.

Module 2: Preparing to Do Your Taxes

Discover what you need to know before diving into tax preparation.
Explore the different methods available for filing taxes

Module 3: Completing a Basic Tax Return

Gain insights into the basics of income tax and benefit returns.
Learn what income to report, how to claim deductions and tax credits, and determine if you’re eligible for a refund.

Module 4: After Sending Your Tax Return to the CRA

Understand the post-filing process, including interpreting your Notice of Assessment.
Learn how to handle any tax balance owing and effectively communicate with the Canada Revenue Agency (CRA).

Module 5: Using My Account CRA

Unlock the convenience of the CRA’s online portal “My Account CRA.”
Discover the services offered, access methods, and the benefits of registration.

Module 6: Purpose of Taxes

Gain a foundational understanding of taxes, why they're collected, and how Canada’s tax system functions.

Module 7: Accessing Your Benefits and Credits

Explore the range of benefits and credits administered by the CRA.
Identify eligibility criteria and ensure the continuity of benefit payments.

By the end of this course, participants will have acquired a solid understanding of the Canadian tax landscape, enabling them to confidently prepare their own taxes and effectively engage with the CRA. Whether you’re a newcomer to the workforce or seeking to enhance your tax knowledge, this course isyour gateway to becoming tax-savvy in Canada.

Enroll today to embark on this educational journey and take control of your personal finances with anewfound understanding of the Canadian tax system.

The Vancouver Island Works Project acknowledges that our members, live, play and do business on the Traditional Territory of the Lək̓ʷəŋən speaking peoples. It recognizes the First Nations governments across this region — Lək̓ʷəŋən (Songhees) and Xwsepsum (Esquimalt) Nations in the core area, the W̱SÁNEĆ Nations {W̱JOȽEȽP (Tsartlip), BOḰEĆEN (Pauquachin), SȾÁUTW̱,(Tsawout) W̱SIKEM (Tseycum)} out on the Saanich Peninsula and Gulf Islands, to the west Sc’ianew (Beecher Bay), T’Sou-ke, and Pacheedaht, and MÁLEXEȽ (Malahat) and Pune’laxutth’ (Penelekut) Nations.