Enhancing the professionalism of financial advisors in the best interests of the consumer

DESIGNATION PROGRAMS

Advanced Taxation Challenge Exam

When attempting to address client needs and objectives, financial advisors must be aware of the impact that income tax regulations have on financial and estate planning. The Advanced Taxation course provides important information on income tax rules and regulations that affect individuals, partners and company owners as well as financial advisors themselves.

As a CPA, CMA, CGA or CA designation holder, you are now entitled to challenge the Advanced Taxation exam without taking the course.

  • Overview
  • Delivery methods
  • Completion requirements
  • Details

Target audiences

CPA, CMA, CGA or CA designation holder.*
* Proof of designation required to register

Learning Objectives

Taxation of personal and business income
  • To understand the general approach and methods in Canada for the taxation of individuals, partnerships and corporations;
  • To examine a client's business structure in order to determine potential tax and estate planning benefits of tax incentives such as the Capital Dividend Account, small business deduction, and the dividend tax credit
Taxation of interest, dividends and capital gains
  • To understand how various types of income are taxed during life and at death
Tax planning initiatives
  • To analyze the advantages and disadvantages of establishing an inter vivos trust to meet a client's financial planning requirements;
  • To evaluate the benefits of buy-sell arrangements in succession planning for shareholders of a closely held private corporation;
  • To describe the general approach in Canada to the tax treatment of charitable organizations, and the rules governing charitable gifting while alive and on death
Tax-advantaged retirement income programs and products
  • To evaluate the taxation of clients' retirement income portfolios as part of the financial planning review;
  • To consider the applications for plans such as Tax-Free Savings Accounts, Registered Disability Savings plans and other CRA-regulated investment programs
Taxation of risk management products
  • To examine clients' insurance portfolios in order to determine the effect of taxation on the value of these products

Self-Study

Students have access to the online challenge exam.

Students can attempt this exam once. If unsuccessful, he or she must enrol in the course.

There are no additional resources included with the exam.

Registration includes
  • Access to online Advanced Taxation exam
  • 120-day window for completion
  • One exam attempt
Textbooks

In preparation for the Advanced Taxation Challenge exam, you may consider purchasing the following textbooks:

Tax Guide for Investment Advisors, John R. Mott, 2013 Edition   $52.00 *

Canadian Taxation of Life Insurance, Florence Marino, Sixth Edition   $114.00 *

* plus shipping and applicable taxes

Passing mark is 60% overall.

Online evaluation - completion of one online final exam

FormatSelf-study
CE creditsN/A
Pre-requisiteCPA, CMA, CGA or CA designation holder in good standing
Study HoursN/A
Price for member$100.00
Price for non-member$150.00

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