Personal Tax Update for Taxprep T1 Users, English - Recorded Webinar Available March 8, 2021

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Staying current on tax, form, software and e-service changes is critical to the success of your personal tax season. Only Personal Taxprep virtual seminars can provide you with all the essential information you need!

Federal Tax and Form Changes

We’ll examine various 2020 tax and form changes, including the following:

  • New rules for claiming working from home expenses, including when to use the new T777S, the flat rate method vs the detailed method and T2200S and T2200 requirements
  • Changes to the Basic Personal Amount
  • Digital news subscription tax credit
  • Revised T183 for EFILE Authorization
  • Additional EFILE eligibility

Provincial Tax and Form Changes

We’ll discuss various provincial form and tax changes that will impact your 2020 tax returns and preview some upcoming changes for 2021.

Software Enhancements

We’ll explore recent software enhancements, like the improved Scenarios for tax planning and discuss ideas for utilizing these helpful features.

Government Incentives and their Impact

We’ll discuss the various COVID-related benefits available to individuals including the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB) along with their tax implications. And we’ll briefly discuss some of the COVID-related benefits available to unincorporated businesses along with their applicability to your self-employed clients.

CRA Services

  • Changes to submission of authorization requests via Represent a Client
  • New options for Submit Documents
  • Changes to telephone validation of representatives
  • CRA policy on E-signatures

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FormatRecorded Webinar