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Canadian Basic Income Tax Preparation Training

Learn-Canadian-Basic-Income-tax

Canadian Basic Income Tax Preparation Training

The Basic Canadian Personal Income Tax Preparation Course is a comprehensive and accessible 4-hour
online training program designed to equip individuals with the knowledge and skills needed to navigate
Canada's tax system with confidence. This course covers essential topics that are crucial for anyone
looking to understand and manage their personal income taxes effectively.

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.