What will you learn

Our Pro Tax and Income Tax T1 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 personal 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 Income Tax
What is Pro Tax and how it works with QuickBooks Online Accountant?
Introduction to T1 General Form and its Schedules
Best practices inputting Employment Income
How does investment income work, where would Capital gains get recorded
Go advance with rental and business income – the T776 statement
Using Tax deductions
How do the refundable and non-refundable tax credits impact the return
In-depth study of Ontario taxes and credits, the trillium benefits

This course is the third step in our Books to Taxes Career Pathway, a proven six-step process that will transform you from a beginner bookkeeper to a Books to tax Expert, 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

Books to Taxes Career Pathway

QuickBooks Online Course

Expand and solidify your skillset with our most popular QuickBooks Online Cloud Bookkeeping course.

36 Hours Course

QBOA and QBO ProAdvisor Course

Get the essential skills to go from Books to Taxes for your Cloud Taxation Career Pathway

18 Hours Course

Pro Tax and Income Tax T1 Course

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

36 Hours Course

Pro Tax and Income Tax T1 - Advanced Course

Take Your tax practice to next level by specializing in specific businesses

18 Hours Course

Pro Tax and Income Tax T2 Course

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

36 Hours Course

Become a QuickBooks Online ProAdvisor

Launch your new career Taxation World

Explore Career Pathway

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 Personal Taxes T1 Knowledge

With more than 26 million of Canadians that file income tax returns every year, you want to acquire this skill if you want to start your own tax practice, new to Canada or you are a student.

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 Personal Taxes T1 Knowledge

At the end of Quiz, Get Results, instantly!

1 / 10

Which of the following lowers your taxable income?

Tax credits

Tax deductions

Tax elections

2 / 10

A TFSA (Tax-Free Savings Account) allows for tax-free growth of investment income and capital gains from qualified investments, which means you won't be taxed on withdrawals.

True

False

3 / 10

You make $1 million a year. Which province or territory has the highest marginal tax rate for people at your income level?

Ontario

Nova Scotia

Quebec

Nunavut

4 / 10

Which of the following actions carries the stiffest CRA penalty?

Repeatedly failing to report income.

Filing after the deadline.

Knowingly filing a tax return with false statements or omissions.

Being convicted of tax evasion.

5 / 10

Which of the following payments require that tax be withheld at source?

RRSP withdrawals

Royalty payments

Interest payments

Dividend payments

6 / 10

Which of the following generates a deduction rather than a tax credit?

Payment of medical expenses

Payment of tuition fees

Payment of moving expenses

Payment of monthly transit passes

7 / 10

Do students or seniors with low or no income need to file their taxes?

Yes, everyone need to file taxes

No, because they don't owe anything

8 / 10

Do small businesses need to hire a Certified Public Accountant to prepare their taxes?

Yes, it's a legal requriement

No, it can be anyone who is tax trained can do taxes

9 / 10

You can deduct capital losses on investments in your TFSA or RRSP account on your tax return.

True

False

10 / 10

You have been given $400 to pay for something you consider worthwhile. Assuming you have a taxable income of $50,000, which of these would give you the biggest tax break?

A donation to a registered charity.

A community college course.

A contribution to a federal political party.

A contribution to your RRSP.

Your score is

Exit

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 Xero Certification Course?

Our Xero Certification Course covers everything you need to know to become a Xero Cloud Accounting Specialist.
Proprietary material specially designed by our Xero Experts made simple for you.
Training provided by Industry Experts, they are the best.
Hands-On practical experience in class with live industry examples.

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 Xero Accounting 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 maintain books using Xero Cloud Accounting for small to medium businesses.
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!