Foundations

Canada's Tax System (LCI1106)


Description
1.0 Financial Services Regulatory Authority of Ontario: Life
1.0 Insurance Council of British Columbia: Life
1.0 Insurance Council of Manitoba: Life (43781)
1.0 Insurance Councils of Saskatchewan: Life
1.0 FP Canada: Financial Planning
1.0 CIM/PFP Professional Development

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 Credits: 1 FSRA: 1.0 Financial Services Regulatory Author... ICBC: 1.0 Insurance Council of British Columbi... ICS: 1.0 Insurance Councils of Saskatchewan: ... ICM: 1.0 Insurance Council of Manitoba: Life ... CFP / QAFP: 1.0 FP Canada: Financial Planning CIM / PFP: 1.0 CIM/PFP 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 certificate with a duration: Forever