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0 20 40 February 28, 2025 March 28, 2025
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1 Cover 22 28
2 6.6 What is the Accelerated Investment Incentive and what are the basics of how it works? 14 14
3 3.2 Describe moving expenses and how they are treated for tax purposes. 10 11
4 1.1 Describe the ITA Section 3 ordering rules formula. How does this tie into Net Income for Tax Purposes (also known as 'Division B' income)? 7 8
5 4.2 What are CPP and EI contributions, and how do we calculate them? 6 8
6 3.1 Child Care expenses and how they are treated for tax purposes? 7 8
7 6.10 What are the spousal rollover provisions and why do they exist? 8 8
8 8.6 What are the 'replacement property' rules? Why do they exist? What are the tax implications? 8 8
9 2.6 What are prescribed rates? 3 7
10 6.2 What is a Terminal Loss? What is Recapture? How are they recorded in net income for tax purposes? 5 6
11 3.3 What are some common Division ‘C’ deductions and how do they impact taxes payable? 6 6
12 8.5 What are the rules on identical properties? Why were these rules created? 2 6
13 2.5 How are penalties and interest calculated on late payments and late filings? 2 5
14 4.5 What is an allowance? What is a reimbursement? How are they treated differently for tax purposes? 5 5
15 4.1 Why is it important to determine if someone is an employee or self-employed and how would CRA assess it? 5 5
16 3.5 Describe retiring allowances and how they are treated for tax purposes. 4 4
17 9.1 Explain the tax concept of “integration” 4 4
18 9.4 What are some significant differences for the treatment of Division 'C' deductions for individuals and corporations? 4 4
19 9.8 What is the Small Business Deduction and how is it determined? 4 4
20 Acknowledgements 4 4