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CPA's Guide to Tax Research, Writing Memos & Reading Tax Act

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Before starting this self study program, please go through the instructional document.

Overview

  • About Tax Research
    4 mins
  • Determining the Issue
    20 mins
  • Sources of Tax Research
    33 mins
  • Negotiating And Adopting Tax Treaties
    49 mins
  • Evaluating Authoritative Sources and Reaching Conclusions
    78 mins
  • Communicating your Findings
    106 mins
  • Income Tax Act
    142 mins
  • General ANTI Avoidance Rule
    159 mins

Course Description

With high client demands for fast results, it is more important than ever to perform tax research accurately, thoroughly and efficiently. Frequent, complicated changes to the tax law mean that even experienced tax professionals often need to research tax questions. This continuing professional development course teaches a systematic research methodology that tax researchers may use in order to identify and analyze tax issues efficiently, accurately and thoroughly.

 

The tax professional approaches a tax problem in a similar manner to how a doctor cures their patient. A misstep along the way can result in less-than-optimal results, unfinished problems to solve, and an unhappy client. In this CPD webinar, learn the process to resolve a client’s tax problem and how to avoid the most common traps to getting the best outcome for your client. We will cover best practices and tips that will help you optimize the results for your client and avoid the most common missteps in tax problem solving.

 

This course has been designed to assist CPAs, Tax professionals and from different professional areas like accountants, lawyers, people in public practice, industry, education, and those in government who are specializing in this area and who have a basic familiarity with the concepts and principles of Canadian Income Tax.

The online CPD course modules cover each step in the tax research process. You will learn how to establish the facts of a situation, determine the issues, investigate sources of tax research, and eventually communicate your findings. This CPA CPD course will also cover how to read the Income Tax Act and Income Tax Regulations and at the end, we have discussed the general anti-avoidance rule (GAAR) because, being a tax researcher, it is essential to be aware of the case law and legislation relating to tax avoidance.

Key topics covered in this online CPD/CPE webinar

  • Take a transactional approach to answering research questions to efficiently identify all important tax problems.
  • The different types of primary sources of tax research, and their hierarchy of authority.
  • How to use secondary sources and annotations efficiently.
  • How to use explanations and annotations to find the most relevant primary authorities.
  • When and how to use legislative history in their tax research.
  • How to stay on track throughout the research process and how to prepare a research outline.
  • Ethical considerations in performing tax research and formulating conclusions.

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Learning Objectives

  • To discuss the facts and determine issues in relation to a tax question.
  • To discuss the various tax research resources and their relative authority.
  • To interpret the federal Income Tax Act.
  • To determine the application of different case laws.
  • To determine how much to rely on Canada Revenue Agency (CRA) and other government support.
  • To evaluate the strategies that can be used for using commercial tax research database.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant
  • Chartered Professional Accountant
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA