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

  • CPA in Canada
  • Accountant/Bookkeeper/Tax Professionals
Year-end Tax Planner

Free (Only Today)

1 Credit

Subject Area

Taxes
  • 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.

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Taxes for CPA in Canada

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/

Entigrity is a leading offshore staffing solutions provider to 600+ accounting and tax firms situated across the US, CA, and the UK). The company helps small and mid-sized accounting firms hire qualified and experienced offshore staff that works from our offices in India.

Headquartered in Sugar Land, TX, Entigrity has 7 offshore offices located across India; 3 of them in Ahmedabad and 1 each in Indore, Vadodara, Rajkot & Kochi. They are an ISO 27001:2013 certified organization for information security and ISO 9001:2013 certification for quality management. They exceed the standard compliances for best business practices in terms of information security and quality management. Entigrity has provided consultation/advice to over 3000 accountants and assisted them in converting some of their core challenges into opportunities. 

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
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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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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, 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 continuing education requirement as 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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Ratings and Review

4.4

14 Ratings

Excellent

7

Very Good

3

Average

3

Poor

0

Terrible

0

PM

Parminder Madaan, CPA in Canada

Nov 5th, 2023

Quick refreshing of tax planning

XJ

Xuan Jin, Accountant/Bookkeeper/Tax Professionals

Aug 7th, 2023

good

Free (Only Today)

1 Credit

Subject Area

Taxes