Staying current on tax, form, software and e-service changes is critical to the success of a tax practice. This webinar is designed specifically for CCH iFirm Taxprep users to provide you with all the essential information you need in this live two-part online session, consisting of two 3.5-hour webinars over two consecutive days. We will also discuss proposed tax changes contained in Bill C-15, review the latest CRA e-services, and provide some tips for getting the most out of the many CCH iFirm Taxprep productivity features.
Note that this webinar is designed for firms that use the cloud-based CCH iFirm Taxprep program. A separate Personal Tax Update webinar is being offered that may be of interest to firms that prepare T1 returns using Personal Taxprep (on premises) or Cantax T1.
TOPICS:
Status of Legislation
- Proposed changes contained in Bills C-4, C-15 and C-19
- Proposed legislation introduced in January 2026
Tax Changes affecting multiple Taxprep modules
- Reaccelerated incentive deduction and immediate expensing (CCA)
- Increase in the lifetime capital gains exemption
- Elimination of the carbon tax
- Clean economy tax credits
Federal T1 Tax and Form Changes
- Tax rates and limits for 2025
- New top-up tax credit
- Qualifying business transfers
- Donations made in 2025
- New federal crypto reporting
- Investment counsel fees and AMT
- Disability Supports Deduction
- Changes to Forms T1141 and T1142
Proposed Tax Changes for Individuals
- Qualified Investments for Registered Plans
- Personal Support Worker Tax Credit
- Limitation on the Home Accessibility Tax Credit
- Loss carryback from an estate
- Automated tax filing
Provincial Tax and Form Changes for Individuals
- Tax rate changes for Alberta and PEI
- New provincial tax credits for fertility and surrogacy
- Modification to basic personal tax credits for Alberta and Manitoba
- New Québec form to request services in English
- New Québec foreign reporting filing requirements
- Changes to the Québec Tax Credit for Career Extension
T2 Tax and Form Changes
- CRA guidance re: calculating CCA based on proposed changes
- Canada Carbon Rebate for Small Businesses
- New forms for the Clean Economy Tax Credits
- Filing Schedule 130
- Selected provincial tax and form changes
Proposed Tax Changes for Corporations
- SR&ED program enhancements
- Budget 2025 proposals included in January 2026 proposed
T3 Tax and Form Changes
- Federal and Provincial tax rate changes
- Proposed changes to the filing requirements for trusts under Bill C-15
- CRA Guidance for 2025 filing requirements
Forms Module Tax and Form Changes
- Schedule 130 for Partnerships
- Clean economy tax credits for partnerships
- Québec Crypto Asset Return for partnerships
- New T4A reporting requirements for the trucking industry
- Transmitting slips through Represent a Client
- CRA procedures for T-slip issuers
CRA E-Services
- Important dates for Efile and other electronic services
- CRA security measures re: software products used for T1 and T3
- Elimination of the transmission of authorization requests by Efilers
- Submitting authorization requests for deceased taxpayers
- Termination of T1 Express NOA download
- AFR for 2025 Returns
- Transition to digital correspondence for some individual taxpayers
- “Digital by default” for business correspondence
LEARNING OBJECTIVES:
- Understand the latest changes to tax legislation including legislative proposals
- Learn what form changes will impact your federal and provincial tax returns for this year
- Become acquainted with the changes to CRA services and portals so you can navigate effectively
- Be aware of the latest changes to CCH iFirm Taxprep and how to use them effectively
TARGET AUDIENCE:
This webinar will be of interest to accountants and tax practitioners who use the CCH iFirm Taxprep software environment and are looking to get updated on personal, corporate and trust taxation, as they prepare for the upcoming income tax seasons.
MINIMUM REQUIREMENTS:
You will need a stable internet connection and audio access (via computer or phone). Most participants use their computers for audio. Participants will be able to submit questions and comments during the session via a Q&A text panel. Terms, conditions, prices, and services are subject to change.
PROFESSIONAL DEVELOPMENT (PD) CREDITS:
Wolters Kluwer's professional development programs are designed to meet the continuing education requirements of various professional associations. Please consult your provincial association to ensure this webinar meets the continuing professional development standards applicable to your specific situation.
Registration remains open until the start of the webinar. We reserve the right to replace speakers in case of illness. If the webinar is cancelled, participants will be notified and may transfer their registration or obtain a refund.
CANCELLATION POLICY:
Due to the costs associated with scheduling live webinars, cancellations must be confirmed in writing at least one (1) business day before the start of the broadcast. If we receive your cancellation notice within the aforementioned timeframe, you will receive a full refund. No refunds will be issued for notices received after the cancellation period.
THIS WEBINAR INCLUDES:
- 30 days to review the webinar recording
- PDF version of the presentation slides
- PD Certificate for 7 hours
PRESENTERS: Maureen Vance, CPA, CA & Sue Deakin, CPA, CA, MAcc
Maureen Vance, CPA, CA
Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now a part of Wolters Kluwer) in 1985. She completed the CICA in-depth tax course in 1991, and since 2002 has been a consultant to Wolters Kluwer on tax and compliance issues.
Maureen researches and writes material on tax planning and compliance and presents seminars and webinars on various tax and software topics to accounting firms across Canada. She is a member of the CRA-CPA Canada Technology Working Group, a contributor to the CPA Canada Tax Risk Management Guide, a contributing author for the Wolters Kluwer publications Preparing Your Income Tax Returns, Preparing Your Trust Returns, Preparing Your Corporate Tax Returns and Preparing Your Partnership Returns and a frequent contributor to the Wolters Kluwer Canada publication Tax Topics.
Sue Deakin, CPA, CA, MAcc
Sue is a Professor of Accounting, specializing in tax and auditing, in the Lawrence Kinlin School of Business at Fanshawe College in London, Ontario. She earned her undergraduate degree and MAcc from the University of Waterloo and her CPA designation thereafter. She completed her co-op education with Arthur Andersen & Co in Toronto and continued to work at AA& Co. in Taxation upon graduation. She then worked for 15 years as VP Finance in a property management company before pursuing a teaching career. Sue has been assisting with the Wolters Kluwer webinars and seminars since the Fall of 2019.
Sue likes to keep active with activities such as golf, running, and workouts. She enjoys time with family and friends – especially at the family cottage on Lake Huron.