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

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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