knowledge topics
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09 Taxation
Both CFP professionals and QAFP professionals are expected to possess knowledge to allow them to complete and interpret an individual’s basic personal tax return, including identifying and explaining the income tax assessment rules for individuals, explaining the tax implications of how different types of income received by individuals may be taxed and identifying the tax deductions and credits for which an individual may be eligible. They should further be able to identify and estimate the benefit of engaging in foundational income splitting strategies.
CFP professionals are also expected to have knowledge to allow them to identify income tax assessment rules for corporations and trusts; explain the taxation of business ownership structures and trusts, as well as those who receive income from them; evaluate capital gains deductions and deferral opportunities for individuals; and identify tax deductions that may benefit self-employed business owners. They will also be responsible for ensuring they are aware of the risks of engaging in tax shelters; explaining the method for determining if an individual is considered a U.S. person and the tax implications of being a U.S. person who is resident in Canada; explain the tax consequences upon the death of an individual; and understand factors that may impact an individual engaging in an estate freeze
Version 2.0.0
QAFP® Professionals
CFP® Professionals
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Foundations of Tax
QAFP® Professionals
CFP® Professionals
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Relationships under Income Tax
QAFP® Professionals
CFP® Professionals
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Income Tax Assessment Rules for Individuals
QAFP® Professionals
CFP® Professionals
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Income Tax Assessment Rules for Corporations
CFP® Professionals
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Income Tax Assessment Rules for Trusts
CFP® Professionals
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Basic Income for Tax Purposes
QAFP® Professionals
CFP® Professionals
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Income Received by Individuals
Application
Application
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Income Received by Employees
Application
Application
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Income Received by Seniors
Application
Application
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Income Received by Students
Application
Application
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Interest Income Received by Investors
Application
Application
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Income Received from Pensions or Registered Savings Plans
Application
Application
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Income Received by Individuals with a Disability
Application
Application
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Non-Taxable Income and Receipts
Understanding
Understanding
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Taxation for First Nations People in Canada
Understanding
Understanding
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Capital Gains for Investors
Application
Application
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Capital Losses for Investors
Application
Application
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Dividend Income Received by Investors
Application
Application
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Other Income for Tax Purposes
CFP® Professionals
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Income Received by Self-Employed Business Owners
CFP® Professionals
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Tax Deductions and Tax Credits for Individuals
QAFP® Professionals
CFP® Professionals
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Foundations of Tax Deductions and Credits
Understanding
Understanding
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Federal Tax Deductions and Credits for Individuals
Understanding
Application
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Federal Tax Deductions and Credits for Employees
Understanding
Application
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Federal Tax Deductions and Credits for Seniors
Understanding
Application
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Federal Tax Deductions and Credits for Families and Caregivers
Understanding
Application
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Federal Tax Deductions and Credits for Students
Understanding
Application
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Federal Tax Deductions and Credits Associated with Pensions and Registered Savings Plans
Understanding
Application
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Federal Tax Deductions and Credits for Individuals with a Disability
Understanding
Application
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Provincial and Territorial Tax Deductions and Credits for Individuals
Understanding
Application
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Tax Deductions for Self-Employed Business Owners
CFP® Professionals
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Income Attribution
QAFP® Professionals
CFP® Professionals
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Foundations of Income Splitting for Individuals
QAFP® Professionals
CFP® Professionals
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Income Splitting for Investors
CFP® Professionals
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Income Splitting for Self-Employed Business Owners
CFP® Professionals
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Tax Shelters
CFP® Professionals
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United States Taxation
CFP® Professionals
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Tax Consequences at Death
CFP® Professionals
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Trusts
CFP® Professionals
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Estate Freezes
CFP® Professionals
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Taxation of Business Ownership Stuctures
CFP® Professionals