Canadian taxation Fundamentals
Canadian Taxation Fundamentals Course Summary
Learn Canadian Taxation – Without the Full-Time Commitment
Looking to build practical, in-demand skills in Canadian tax preparation and planning? Heritage College’s new Taxation Fundamentals Microcredential is designed for working professionals, small business owners, newcomers, and anyone looking to understand how Canadian taxes work — both for individuals and businesses.
In just 7 weeks, you’ll gain the confidence and knowledge to prepare and file tax returns, understand deductions and credits, and apply smart tax planning strategies.
No prerequisites required. Just bring your curiosity and willingness to learn!
Course Highlights
Length: 7 weeks
Delivery: Live virtual classes via Zoom + Moodle LMS
Credential: Certificate of Completion (Microcredential)
Tuition: $699+taxes
Who Should Enroll?
This course is ideal for:
- Finance and Accounting Professionals wanting to deepen their tax knowledge
- Small Business Owners managing their own bookkeeping and taxes
- Newcomers to Canada learning how the Canadian tax system works
- Career Changers entering the finance or bookkeeping field
- Students and Graduates seeking tax-related job skills
No prior taxation experience is needed.
Certificate and Career Benefits
Upon successful completion of Heritage College’s Canadian Taxation Fundamentals microcredential course, students will receive a certificate of completion from Heritage College, including the course name, date of course completion, and total number of hours of studies.
Students who wish to further their studies can use this course in Heritage College’s Accounting & Payroll Administration Diploma.
Why Take This Taxation Course?
🌐 Flexible Online Format
Ideal for busy schedules! Attend live Zoom classes from anywhere in Alberta or across Canada.
📜 Recognized Microcredential
A microcredential from a licensed career college you can add to your resume or LinkedIn profile
💼 Industry-Relevant Skills
Learn how to prepare personal and corporate tax returns in compliance with CRA rules and regulations
🚀 Pathway to Further Education
Use this course as a stepping stone into our Accounting and Payroll Administration Diploma.
Course Outline
Introduction to Federal Taxation in Canada
Students are introduced to the foundational aspects of Canada’s federal taxation and learn the basics of how taxes work in Canada, with an emphasis on historical and contemporary contexts.
Procedures and Administration
Delve into the administrative aspects of federal taxation. Students will explore the processes, systems, and guidelines that govern the collection and administration of taxes, including tax filing procedures.
Income or Loss from an Office or Employment
Focuses on the income or losses that can be claimed from employment. Topics such as taxable benefits for employees and taxation on stock options are covered.
Taxable Income and Tax Payable for Individuals
An overview of how taxable income is determined and how tax payable is calculated for individual taxpayers, highlighting key areas like supporting a dependent and caregiver amount.
Capital Cost Allowance
A deeper dive into understanding the capital cost allowance, focusing on how businesses can use CCA to reduce taxes and the methods involved.
Income or Loss from a Business
Explores the various incomes or losses that can arise from business operations, including how businesses can claim home office expenses and other related costs.
Income or Loss from Property
Examines the taxable aspects related to property, including how dividends are taxed in Canada and the rules around gross-up.
Capital Gains and Capital Losses
Offers insights into how capital gains and losses are treated for tax purposes. Students will learn about the nuances of capital gains income and tax loss harvesting.
Other Income, Deductions, and Issues
A broader look into various other types of incomes and deductions. Students will study topics such as the tax implications of having a family trust and how to claim moving expenses.
Retirement Savings and Special Income Arrangements
Focuses on the taxation implications of retirement savings and special income arrangements. It covers tools like TFSA and RRSP and their respective advantages.
Taxable Income and Tax Payable for Individuals
A revisited analysis of individuals’ taxable income and tax payable, delving deeper into deduction mechanisms and the latest updates.
Taxable Income and Tax Payable for Corporations
Offers insights into how corporations are taxed in Canada. Students will learn the distinctions between individual and corporate tax structures.
Taxation of Corporate Investment Income
Explores the nuances of how investment income is taxed for corporations. Topics such as the implications of investing inside a corporation are covered.
Other Issues in Corporate Taxation
Delves into various other corporate taxation issues. The chapter covers areas such as investment tax credits and other lesser-known areas of corporate tax.
Corporate Taxation and Management Decisions
Focuses on how taxation influences corporate management decisions. Topics such as shareholder loans and their implications are discussed.
Rollovers Under Section 85
Examines the concept of rollovers, especially under Section 85. Students will learn about its significance and when it should be used.
Other Corporate Rollovers and Sale of a Corporate Business
Expands on the topic of corporate rollovers and delves into the tax implications of selling a corporate business.
Partnerships
Provides a comprehensive understanding of how partnerships work in the context of taxation. The chapter includes an overview of partnership structures and their tax implications.
Trusts and Estate Planning
Focuses on the taxation aspects related to trusts and estates. Students will learn about how trusts and estates are set up and taxed in Canada.
International Issues in Taxation
Examines the tax challenges and considerations faced by Canadians internationally, including issues faced by those retiring abroad.
GST/HST
A comprehensive look at Goods and Services Tax (GST) and Harmonized Sales Tax (HST), their applications, and their implications on businesses and consumers.
Program Details
Course Length:
10 credit course delivered over 7 weeks of live lectures
Schedule
Three sessions per week, delivered during the following choices of time:
- Mornings – Tuesday, Wednesday, Thursday from 9:00 am MT to 1:00 pm MT
- Weekends – Friday 5:00 pm MT to 9:00 pm MT; Saturday and Sunday 9:00 am MT to 1:00 pm MT
Course Cost:
- $699+tax
Upcoming Start Dates
- May 23, 2025 – Weekends
- August 5, 2025 – Mornings
What You Will Learn
Our Canadian Taxation Fundamentals microcredentials course is designed to build the in-demand skills Canadian employers are looking for. Over this course you’ll learn all about:
The Canadian tax system and how it’s administered
How to calculate taxable income for individuals and corporations
Capital cost allowance and corporate investment income
GST/HST fundamentals and compliance
Tax deductions, credits, rollovers, and planning strategies
Taxation of partnerships, trusts, and estates
Ethical considerations in tax filing and planning
Mode of Delivery
Heritage College’s Canadian Taxation Fundamentals certification course is delivered 100% online, vias live interactive Zoom lectures, making it accessible to students across Canada.
- Interactive Zoom class taught by practicing accountants with real-world experience
- 7-Week Program with live classes held three-times a week, with morning and weekend schedules
- This convenient schedule allows working professionals to balance their education with existing commitments while gaining valuable skills in a short timeframe.
Ready to Upskill in Taxation?
Start building your taxation foundation today. This course is open to the general public, no prior experience needed.
Heritage College is a leading career college in Western Canada, helping adult learners gain skills and confidence to succeed in the workforce.