CFE Studying

Taxable benefits for employee and employer

bAsic calculation of tax: NI for dmtax less other deductions = TI and then deduct credits. Employment income deductions + Property income + deductions for child care and child/spouse support payments, moving expenses Common credits to apply: medical, donation, tuition Administrative

Provisions and contingencies and ARO issue and approach IFRS vs ASPE Onerous contract

Tax- individual tax Planning Owner compensation: Salary vs Dividend vs bonus vs shareholder loan Shareholder loans in more detail Income splitting among family (Attribution rules) RRSPs (RRIFs - a little bit) TFSA FHSA

Tax - GST and HST filing deadlines and requirements Taxable supplies (fully and zero rated) Non taxable supplies

Property, Plant, and Equipment IFRS vs ASPE IAS 16 ASPE 3061

Non Profit Organizations Accounting (ASNPO) Contributions Contributions receivable Contributed materials and services Tangible capital assets Intangible capital assets Collections

Leases - Maint exp and IFRS leaseback accounting Items I forgot to mention within the lease sections

Basic calculation (including CCPC and SBD), Administrative information, Dividends (Part IV tax for CCPCs) and RDTOH (CCPC only) and CDA (CCPC only)

Tax - Employee vs Contractor factors and implications

Tax - Attribution and TOSI (Tax on Split Income)

AoC definition + rules + tax planning opportunities

Tax - CCA Classes, AccII, Basic calculation, and rules

Related Party Transactions issue and approach IFRS vs ASPE

Non-Monetary Transactions issue and approach IFRS vs ASPE IAS 16/38 ASPE 3831

Leases IFRS - Lessor and Lessee issue and approach and a sale leaseback IFRS 16

Leases ASPE - how to account by a Lessor and Lessee issue and approach ASPE 3065

Investments Part 2 Consolidation, Equity, and Cost method of accounting for investments under IFRS and ASPE are the same

Investments Types of investments (control, sig influence, joint control, investment property, and investment entity) and how to account for them issue approach under IFRS and ASPE

Inventory approach IFRS vs ASPE IAS 2 ASPE 3031

Impairment of Financial Assets issue and approach IFRS vs ASPE

Intangible Asset issue and approach IFRS vs ASPE IAS 38 ASPE 3064

Income Taxes issue approach IFRS vs ASPE IAS 12 ASPE 3465

Government Assistance issue approach IFRS vs ASPE IAS 20 ASPE 3800

Foreign Exchange Translation issue approach under IFRS vs ASPE IAS 21 ASPE 1651

Foreign Exchange Transactions issue approach IFRS vs ASPE IAS 21 ASPE 1651

Business Combinations issue approach under IFRS vs ASPE IFRS 3 ASPE 1582

Assets held for sale and discontinued operations issue approach and key technical IFRS 5 ASPE 3475

Approach to address impairment of PPE, Intangible finite life asset ASPE 3063 and IAS 36

Approach to address a Goodwill impairment issue ASPE 3064 or IAS 36