Learning Partner

Income Tax for Financial Advisors - Volume 1


  • Life Agents (provincial requirements): up to 12.0 hours, Eligible in BC, AB (Life and A&S, AIC# 35479), SK (subject to maximum of 5 in non-insurance subjects), ON
  • CFP certificants®: This course qualifies for 12.0 FPSC-approved CE credits in the Financial Planning category.

FORMAT: Course Notes in PDF format (150 page - print them or read them online). You must pass a 30-question online Course Quiz to obtain CE credits. Best viewed on PC/MAC full screen. May not be compatible with all mobile devices (smartphones, tablets).

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.

We will be publishing two separate tax courses that you can purchase and complete independently. This Course (Income Tax for Financial Advisors - Volume 1) is worth 12 CE credits, and consists of a 150-page textbook (PDF file) and an online Quiz. 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

We will publish additional tax modules for separate purchase in 2017 and 2018. They will cover topics such as the taxation of sole proprietorships, partnerships and corporations, taxation upon death, maximizing use of tax credits, charitable donations, and other tax planning strategies.

NOTE: You have one year from time of purchase to complete this course.

AUTHOR: Roxanne Eszes, CFP®

PUBLISHED: December 2013

FPSC and FPSC CE Credit logo are registered trademarks of the Financial Planning Standards Council

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