Personal Tax Update For Taxprep T1 Users

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!

 

Register by January 22nd & SAVE $20


Virtual Seminars from Wolters Kluwer!

In order to provide a safe environment for professionals to participate in our Wolters Kluwer tax seminars during this Covid-19 time, we are now presenting these timely topics virtually! No need to travel to specified locations. Available to anyone wherever they are in Canada or the continental USA. All you need is a secure and high speed internet connection.

**NEW FORMAT** This virtual seminar will be delivered in two parts and will consist of two 3.5-hour long webinars over two consecutive days. Not only will this format make it easier to fit into your schedule than a full day session, but the shorter length will make the webinars more engaging. The webinars will include plenty of time for questions and each webinar will include a 15-minute break midway through to make the experience as comfortable as possible.

Our virtual seminar will not only present the numerous tax and form changes for 2020 T1 returns, but also show you how they have been implemented in Personal Taxprep. We’ll discuss software enhancements, changes to CRA e-services and delve into some Best Practices with respect to preparing personal returns.

We’ll also review the various government benefits related to COVID that are available to individuals and unincorporated businesses and discuss the impact of these benefits on their T1 returns.

To help you get the most out of the virtual seminar, you will be sent the slide deck in advance of the virtual seminar and you’ll also be able to download a Personal Taxprep Resource Guide that you can refer to after the virtual seminar.

 

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

DATES – You pick the date that suits your schedule! One registration gets you access to both Virtual Seminar sessions!

Virtual Seminar #1 :

Tuesday February 9, 2021
Wednesday February 10, 2021

Virtual Seminar #2 :

Wednesday February 17, 2021
Thursday February 18, 2021

Virtual Seminar #3 :

Monday February 22, 2021
Tuesday February 23, 2021

TIMES

9:00 am – 12:30 pm, Pacific time

10:00 am – 1:30 pm, Mountain time

11:00 am – 2:30 pm, Central time

12:00 Noon - 3:30 pm, Eastern time

1:00 pm – 4:30 pm, Atlantic time,

1:30 pm – 5:00 pm, Newfoundland time

 

 

PRESENTER

Maureen Vance, B. Com, CPA, CA

Tax Software Consultant – Wolters Kluwer Canada

Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now part of WoltersKluwer) in 1985. As one of the original Taxprep employees, Maureen has been involved with all aspects of Taxprep development and support, including acting as product manager on both Corporate Taxprep and Personal Taxprep. She completed the CICA In-depth tax course in 1991 and since 2002, she has been a consultant to WoltersKluwer on tax and compliance issues. Maureen researches and writes material for training and program documentation and presents seminars and webinars various tax and software topics to accounting firms across Canada. She is a member of the CRA-CPA Canada Technology Working Group, a contributor to the CPA Canada Tax Risk Management Guide as well as a frequent contributor to the Wolters Kluwer Canada publication Tax Topics.