Introduction to Personal Taxation

Personal Taxation is a comprehensive course designed to provide a clear, practical understanding of how individual income is taxed in Canada. Grounded in the framework of the Income Tax Act, this course examines how different sources of income are identified, calculated, and reported, and how deductions and credits are applied to determine overall tax liability. Learners will explore the five primary sources of income—employment, business, property, capital gains, and other income—and gain clarity on how each category is treated for tax purposes. The course also addresses key filing requirements and deadlines, helping professionals understand what must be reported, when it must be filed, and how compliance is maintained. A significant focus is placed on employment income and taxable benefits, including employer-provided automobiles, interest-free loans, housing, stock options, and group life insurance. Step-by-step examples illustrate how these benefits are calculated and included in income. The course also reviews common deductions such as RRSP contributions and moving expenses, along with both refundable and non-refundable tax credits, including the Basic Personal Amount, tuition credits, medical expense credits, and income-based benefits. In addition, learners will examine the important distinction between employees and self-employed individuals, including the CRA’s classification criteria and the tax implications of misclassification. Delivered fully online and self paced, the course includes structured video instruction, downloadable reference materials, practical case studies, and knowledge-check quizzes to reinforce understanding. It is designed to support accounting and tax professionals who want to strengthen their confidence in preparing, reviewing, or advising on personal tax matters within the Canadian context.