Introduction to Personal Taxation

This foundational module introduces learners to the general framework of how individuals are taxed under Canadian law. It covers the classification of income (employment, business, property, and capital), personal tax credits, deductions, and the progressive rate system. Special attention is given to the computation of taxable income and tax payable, with practical examples to reinforce compliance and planning concepts. Learners will also explore tax return filing requirements, instalments, and penalties, as well as how to apply the marginal rate system to various income types in both planning and compliance contexts.