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Personal Income Tax Fundamentals (2023 Edition)


  • CFP® and QAFP® certificants: 12 CE credits in the Financial Planning category
  • MFDA: 12 PD credits
  • Life Agents (provincial requirements): 12 hrs in ON, AB, SK (subject to a maximum of 5 in non-insurance subjects)
  • CLU: Not Institute accredited, but will likely qualify for 12 Institute-approved Professional Development credits. See What's the difference?
  • CPA: 12 verifiable CPD hours

FORMAT: Course Notes in PDF format (print them or read them online). You must pass an online Course Quiz to obtain CE credits. 

COURSE DESCRIPTION: As a financial advisor, you need to know enough about our tax system to be able to advise your clients appropriately. Given that the Income Tax Act is now about 1,500 pages long and is constantly changing as a result of each Federal Budget, maintaining a competent level of knowledge is obviously a challenge.

This Course, written in plain English, will give you a solid tax foundation so that you can better service your clients, while also helping you recognize when you should refer a client to a tax specialist. It will also serve as a handy reference when you need to refresh your memory on a specific tax topic. It has been updated to include all of the rates and tax rules in force as of June 2023.

It covers the following topics:

  1. Overview of the Canadian tax system
  2. Employment income and deductions
  3. Property income (interest, dividends, rental income, income earned as specified member of a partnership) and deductions
  4. Capital cost allowance
  5. Capital gains and losses
  6. Dispositions of depreciable capital property
  7. Capital gains exemptions
  8. Income attribution rules

NOTE: You have 6 months from time of purchase to complete this course.

PUBLISHED: July 2023

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