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0 15 30 May 12, 2025 June 9, 2025
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1 Cover 17 18
2 4.5 What is an allowance? What is a reimbursement? How are they treated differently for tax purposes? 8 11
3 Chapter 1: Structure of The Personal Tax Return 6 8
4 8.7 What is a capital gains reserve? How is it calculated? Why does it exist? 8 8
5 What are the penalties and interest for late filing of GST return? What are the penalties and interest for late instalments and final payments of GST? (6.7.4) 4 6
6 9.4 What are some significant differences for the treatment of Division 'C' deductions for individuals and corporations? 6 6
7 2.19 What are the main deemed acquisition issues when you become a resident of Canada? 4 5
8 6.10 What are the spousal rollover provisions and why do they exist? 4 5
9 6.7 How are eligible, non-eligible and capital dividends taxed in the hands of an individual? Are there any other tax implications? Why do they have different tax treatments?  4 4
10 6.2 What is a Terminal Loss? What is Recapture? How are they recorded in net income for tax purposes? 3 4
11 6.6 What is the Accelerated Investment Incentive and what are the basics of how it works? 4 4
12 6.9 What is a non-arm’s length transaction and what are the tax implications? 4 4
13 9.1 Explain the tax concept of “integration” 4 4
14 5.1 What are the differences and similarities between a sole-proprietorship, partnership, corporation, and trust? 2 3
15 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)? 3 3
16 6.1 What is the purpose of CCA? How is it calculated? Why are items typically ‘pooled’ into the same CCA class? 3 3
17 3.1 Child Care expenses and how they are treated for tax purposes? 3 3
18 1.10 How are charitable donations and political donations treated on a tax return? Why are they treated this way? 3 3
19 Book Navigation 3 3
20 2.5 How are penalties and interest calculated on late payments and late filings? 2 2