Year-end Tax Planner Checklist for Canadian Owner-Managed Business

  • Accountant
  • CPA (CA)
Year-end Tax Planner
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

The COVID-19 pandemic has, for pretty much the entire year, certainly created much disruption with the way we live every day. In the tax world, there was some relief, including an extension of some tax-filing deadlines. But some things never change. Taxes will always have to be paid eventually, and the Canada Revenue Agency hasn't stopped working to collect them. 

So it's still important to do some planning to minimize the tax bill when it comes due.

With that in mind, and before we put 2021 behind us, let's look at some year-end tax planning strategies for both business owners and employees before next year's April tax-filing deadline is once again upon us. Amid the ongoing challenges of the pandemic, tax planning may not be top of mind for many business owners, but it’s more important than ever to plan for income taxes to avoid any unpleasant surprises later on.

In addition to tax considerations, your financial plan should reflect investment philosophies, sound business practices, and motivational goals. Owner-managers should ensure that sufficient funds are retained to meet business objectives; given the uncertainty in the economic environment, cash flow management is especially important.

With the help of this CPD E-Book individuals and owner-managed businesses will be able to save tax.

In response to the COVID-19 pandemic, federal, provincial, and territorial governments have introduced many financial incentive programs to help individuals and businesses, as well as extending many filing deadlines for certain income, sales, and capital tax and other returns; certain payment deadlines were also deferred, including those for installments and final balances.

This CPD E-Book will highlight some of these incentives and deadline extensions too.

Learning Objectives

  • To analyze how the ERC and PPP interact
  • To discuss how to allocate wages between ERC and PPP
  • To investigate the legal structure surrounding the ERC
  • To inspect if a business is partially shut down for the ERC.

Recommended For

  • This Online CPD E-Book is recommended for CPAs in Canada who desire to help their clients including Canadian Owner-Managed Businesses with year-end tax planning.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Pre-requisites :
    None
  • Advance Preparation :
    None

Presenter

About Presenter

Mike Goossen

Advisor, Entigrity Solutions LLC

Mike has more than 30 years of experience as a CPA. As Vice President at Entigrity Remote Staffing, he has advised 500+ accounting firms in leveraging remote working and offshore staffing for higher growth and profitability. He is also the author of “Principles of High Performance Leadership”.


About Company

Entigrity Solutions LLC

www.entigrity.com/

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Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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