Fintech College’s Income Tax T2 Course

Fintech College Income Tax T2 Course will set you up for success!

We are proud to offer you the most interactive, hands-on practical training available today.

You will learn from industry experts who are masters in Canadian Income Tax T2. Our Course will setup you with Income Tax skills including clear understanding of Canadian Income Tax rules and regulations, the T2 Corporation Income Tax Return form, different types of Corporations, the SBD, Salaries or Dividends for Owner-Manager’s, Eligible or Ineligible dividends, GRIP and LRIP, Active Business Income and Investment Income, GIFI Codes, Integration with QuickBooks, Preparing Schedules 125,100,141, Schedules related to T2 Forms much more….

Earning Potential

$1,500

CONSULTATIONS
Income Tax T2 Consultations typically range between
$1,000 and $2,500*

*This is a sample of industry rates in North America. The rates above are not guaranteed. Local or regional income may vary. Graphic is hypothetical and is for educational purposes only.

What will you learn

Our Income Tax T2 course, available Live Online from anywhere or in-person, will build your existing tax preparer skills to tax expert level. You’ll learn everything about corporate income taxes that you need to know as a tax expert, while building your new and advanced skills through regular hands-on exercises, one-on-one mentorship, and interactive lessons. Some of the things you’ll learn are:

Fundamentals of Canadian Corporate Income Tax
Introduction to T2 Corporate Income Tax Form and its Schedules
Best practices about GIFI Codes and Financial Statements
Different types of Corporate Incomes, active business income and investment income
Go advance with study of corporate accounting and taxes
Automatize integration of GIFI statements from QuickBooks
Preparing a T2 return and the most common business schedules
How to get a new T2 client on board and prepare T2 return
Income Tax Filing for Incorporated trucking businesses. What is Personal Services Businesses for Truckers?

This course is the second step in our Taxation Career Pathway, a proven three-step process that will transform you from a beginner tax preparer to a Expert Tax Consultant, fast!

Course Syllabus

Our syllabus gives you a detailed breakdown of the in-demand skills you’ll learn, and a preview of the hands-on exercises your will do in this course.

Download Syllabus

Take our Self-Evaluators

The online self evaluators will take you less than 5 minutes to complete and will help us understand your career goals and the kind of setting where you would be most comfortable working. You can take evaluations for several of the subjects which are included in this program.

Self Assessment Evaluation of your Corporate Taxes T2 Knowledge

With few exceptions, all corporations operating in Canada, even if they have no income or are inactive, are required to file a corporate tax return. You can become a tax professional with this skill.

This quiz is intended as a self assessment to test your knowledge and areas of improvement. There are 10 questions MCQ’s (multiple choice questions)
Choose your answer to the question and click "Next" to see how you did.
Each correct answer will give you a point and you will be able to see your percentage scored at the end.

When you have completed the test, click 'See Result' to see your results. Good luck!

Self Evaluation of Your Corporate Taxes T2 Knowledge

At the end of Quiz, Get Results, instantly!

1 / 10

A business, sold an equipment for $75,000, with a book value of $100,000 and accumulated depreciation of $70,000. What is the accounting gain/loss on the sale of the equipment?

($25,000)

$30,000

$75,000

$45,000

2 / 10

All of the following items are considered part of the owner's equity, EXCEPT:

capital

drawings

net income

dividends

3 / 10

Which of the following statements would not accurately describe situations related to active business income?

Active business income would include the selling of professional services.

The payment of salary to a shareholder to reduce income over $500,000 to mitigate the potential of double taxation.

Active business income would not be eligible for refundable tax treatment.

The unused portion of the small business deduction would be available for carry-over to other years.

4 / 10

A corporation can earn the following basic types of income.

Business income, capital gains, employment income

Business income, personal services business income, other income

Business income, capital gains, property income

Specified investment business income, dividends, other income

5 / 10

Which dividends are more taxed at lower rate when received by individuals?

Eligible Dividends

Non-eligible Dividends

6 / 10

Which of the following is a disadvantage of incorporating a business?

Dividends are paid by a corporation, and received by a shareholder, only when declared.

Losses of an incorporated business cannot be used to offset other income of a shareholder.

The risk of business failure can be reduced during its initial period of operation.

A shareholder cannot also be an employee of a corporation.

7 / 10

Which of the below is not a mandatory requirement to qualify for a corporation to be a CCPC?

It is a private corporation

It is a corporation that was resident in Canada and was either incorporated in Canada or resident in Canada from June 18, 1971

It is not controlled directly or indirectly by one or more non-resident persons

It has to have a minimum revenue of $100,000

8 / 10

Which of the below corporations must file a T2 tax return?

Inactive Corporations

Crown Corporations

Hutterite colonies

Registered charities

9 / 10

Specified investment business income does not include.

Dividends

Rents

Interest

Capital gains

10 / 10

Which schedule is mandatory when doing First Year of filing after incorporation?

Schedule 18

Schedule 21

Schedule 24

Schedule 8

Your score is

Exit

Fintech’s Taxation Career Pathway

Personal Income Tax T1 Course

Gain a solid foundation that can lead to a fulfilling career in tax preparation.

36 Hours Course

Income Tax T1 Advanced Course

Learn Tax Filing for General Businesses, Trucking Businesses, UBER Drivers & IT Consultants

18 Hours Course

Corporate Income Tax T2 Course

Go advance in your taxation practice with our world-class skills training and support.

36 Hours Course

GST/ HST Professional Course

Get the skills you need to for preparing Sales Tax to make your career give an add-on advantage.

36 Hours Course

Career Support & Job Search Course

Work one-on-one with our expert Career Services team to perfect your job search skills.

Become a Tax Expert

Launch your new career Taxation World.

Explore Career Pathway

What will be provided in Training

Live Instructor Led Training By Industry Experts

A Fintech Certified Logo along with a Certificate of Completion

Study Material with Exercises

Your Questions Answered

Why Fintech College ?

Why Our Income Tax T2 Certification Course?

Our Income Tax T2 Certification Course covers everything you need to know to become a Income Tax T2 Expert.
Real-world tax preparation exercises and receive live one-on-one instructor assistance.
Learn about Schedules of T2 – leading with Schedule 1 and how other schedules get associated.
Gain a solid foundation that can lead to a fulfilling career in tax preparation
Thorough explanation of the forms and schedules on T2 tax return and how to fill them.
Proprietary material specially designed by our Tax Experts with all updates.
Learn over 9 modules made simple and easy for you

Small Class Sizes (6-8 students)

Why be with 20 or 30 other students when you can get a premium learning experience online with a handful of students.
Our small class size is designed to facilitate small group discussion, one-to-one mentoring and personalized training & coaching!
Our live virtual training center utilizes the latest technology to bring you a seamless learning experience.
Our College is focused on providing a supportive and personalized experience – the perfect environment for learning.

Why Our Course?

Our Income Tax T2 Certification Course is a ALL IN ONE.
Our instruction is all live and in person, with no student instructors.
You will learn all the material you require to be “job ready” or “starting your bookkeeping business” in the week you spend at our training center.
In our courses you will learn what it would take years to learn on your own!
*This program does not require approval under the Ontario Career Colleges Act, 2005

Support after Course

This is a FREE support plan that is included with your course.
We are just a phone call away for any assistance, consultation that you need for your job or work.
Whatever you need, we are here for you.
This plan is unlimited and never expires.
Imagine having access to your own personal business guru.
This plan gives you the friendly & approachable support you need.
All of this is provided to you by our Lead Trainer and Coach, Harsh Oza.

After You Graduate

You will:

Receive a Certificate of Completion.
Join our Fintech Alumni Group and become a part of community.
Be fully qualified to do tax corporate tax returns for businesses and corporations.
NO EXAM TO WRITE! Why? Because being relaxed is part of our Philosophy of Positive Learning. Learn comfortably without fearing a big intimidating exam at the end of the week.
We are confident in our program that we offer. And so, our graduates may come back and attend the course again as many times as they like, absolutely FREE for 6 Months!