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Foundations

Canada's Tax System (LCI1106)


Description

Canada's tax system demystified. Learn the fundamentals of how Canadians are taxed and how to think about taxes in the context of your client's investments.

CE Credit: 1.00 Professional Development
Accreditation: LCI11061P1

CE Credits: 1 Accreditation Number: LCI11061P1 CE Credit Type: Professional Development

Content
  • Introduction 1:32
  • Canada's Income tax system
  • Income Tax in Canada 1:35
  • Calendar and Fiscal Year 0:57
  • Four Types of Income 2:34
  • Key elements of canada's income tax system
  • Tax Evasion, Avoidance and Planning 3:27
  • Total Income Vs. Taxable Income 1:05
  • Tax Deduction Vs. Tax Credit 0:41
  • Non-Refundable and Refundable Tax Credits 2:05
  • Tax Refunds and Taxes Owed 1:54
  • Marginal and Average Tax Rates 0:41
  • Registered and Non-Registered Accounts 1:14
  • How to Calculate Income Tax 6:15
  • How investment income is taxed
  • Interest Income 1:24
  • Capital Gains 2:18
  • Dividends 4:33
  • Comparing All Three Investment Income Types 2:56
  • How Foreign Income is Taxes 1:13
  • Minimizing Tax on Investment Income 5:17
  • Conclusion
  • Conclusion 0:46
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever