Our virtual seminar will not only present the numerous tax and form changes for 2021 T1 returns, but also show you how they have been implemented in Personal Taxprep. We’ll discuss software enhancements, changes to CRA e-services and delve into some Best Practices with respect to preparing personal returns.
To help you get the most out of the virtual seminar, you will be sent the slide deck in advance of the virtual seminar and you’ll be able to download a companion Personal Taxprep Resource Guide in addition to the slide deck that you can refer to after the virtual seminar.
Tax Update for Personal Taxprep Users
(Note: this agenda may be updated as new information is received)
Federal Tax and Form Changes
We’ll examine various 2021 tax and form changes, including the following:
Provincial Tax and Form Changes
We’ll discuss various provincial form and tax changes that will impact your 2021 tax returns and preview some upcoming changes for 2022. We’ll also review the new transmission of Québec MR69 authorizations.
Preparing Returns for the Disabled
With an aging population, virtually all tax practices have to deal with preparing returns for taxpayers with disabilities. We will discuss the proposed changes to the criteria used for granting the Disability Tax Credit Certificate and the new Form T2201 (released in October 2021) as well as the new online tools available for medical practitioners. We will also discuss the new regulations limiting fees associated with Disability Tax Credit certificate requests.
And for clients that are deemed to be disabled, we will explore the various deductions and credits available to disabled taxpayers and examine how to optimize these claims in Personal Taxprep. Our discussion will include common issues such transferring the DTC to other family members and the tax treatment of retirement home vs nursing home expenses.
The past 18 months has changed the way that many firms interact with their clients. We’ll explore some of the security and privacy issues related to digitally communicating with your clients, including the use of e-signatures and secure portals.
Software Enhancements and Tips
We’ll explore recent software enhancements, including changes to attached files, as well as discuss ideas for utilizing the many productivity tools available in Taxprep.
· New process for confirming a representative
· Impact of mandatory Multi-Factor Authentication
· Proposed changes to the delivery of notice of assessments
Maureen Vance, B. Com, CPA, CA
Tax Software Consultant – Wolters Kluwer Canada
Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now part of WoltersKluwer) in 1985. As one of the original Taxprep employees, Maureen has been involved with all aspects of Taxprep development and support, including acting as product manager on both Corporate Taxprep and Personal Taxprep. She completed the CICA In-depth tax course in 1991 and since 2002, she has been a consultant to WoltersKluwer on tax and compliance issues. Maureen researches and writes material for training and program documentation and presents seminars and webinars 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 as well as a frequent contributor to the Wolters Kluwer Canada publication Tax Topics.
|Subject Area||Personal Tax|