 Guide to Preparing 2017 Personal Tax Returns
 What's new for 2017?
Personal tax calendar (2018) Filing tips for 2017 personal tax returns
Chapter 1 – The T1 return – Getting started
Chapter 2 – Total income
Chapter 3 – Net income deductions
Chapter 4 – Taxable income
Chapter 5 – Federal non-refundable tax credits
Chapter 6 – Federal tax payable or refundable
Chapter 7 – Provincial and territorial tax
Chapter 8 – Quebec provincial income tax
Chapter 9 – Special situations and tax planning
 Chapter 10 – Taxation of immigrants, emigrants, and non-residents
What's new for 2017? Overview Concepts of tax residency – Treaty tiebreaker rules Residence status in the province of Quebec Resident of a contracting state Tiebreaker rules 1. Permanent home 2. Centre of vital interests 3. Habitual abode 4. Competent authorities Treaty tiebreaker cases Individuals emigrating from Canada Personal assets Marketable securities Deferral of departure tax Sale of assets post-departure Repatriation to Canada RRSPs and pension assets Stock options and deferred stock option benefits Shares in Canadian-controlled private corporations Determination of final tax liability Posting security Return to Canada Registered education savings plans Registered disability savings plans Tax-free savings accounts Canadian real property Real property outside Canada Canadian investment income for a non-resident of Canada Interest income Dividends Income trust and mutual fund distributions Rents and royalties RRSP and pension income Employment income Employment income in the year of departure Sourcing employment income Moving expenses Stock options Stock options exercised before 2013 Stock options exercised after 2012 Canada-US treaty rules Reporting required in year of departure T1 returns Form T1135 Form T1161 Planning Individuals immigrating to Canada Personal assets Consequences of immigration Taxation of capital gains during Canadian residency Reporting related to foreign investment assets Taxation upon departure Employment income Other income Relief granted to short-term residents Relief from departure tax Part-year residents – Calculation of tax Planning Calculating taxes as a part-year resident Date an individual changes residency Claiming non-refundable tax credits as a part-year resident Credits where amounts must be prorated Credits where amounts are determined on the basis of costs incurred in the resident period Credits for EI premiums paid and CPP or QPP contributions Pension credit Tuition credit Education credit (for 2016 and earlier taxation years) Textbook credit (for 2016 and earlier taxation years) Medical expense credit Donations credit Credit for interest on student loans Dividend tax credit Employment credit Adoption expenses credit Transit pass credit Children's arts tax credit (for 2016 and earlier taxation years) First-time home buyers' tax credit Home accessibility tax credit Volunteer firefighters' tax credit Search and rescue volunteers' tax credit Transferred credits Tuition, education, or textbook credit transferred from a child or grandchild Unused credits transferred from a spouse or common-law partner Claiming the refundable child fitness credit as a part-year resident (for 2015 and 2016 only) Claiming the refundable school supplies tax credit as a part-year resident Deductions RRSP contributions Sale or rental of Canadian principal residence Impact on principal residence exemption Selling as a non-resident Certificate process Required reporting Rental of principal residence Change in use to rental property Making a 45(2) election as a non-resident Revoking a 45(2) election as a non-resident Taxation of rental income Section 216 – Deductions Section 216 – Losses Federal surtax and provincial tax Comparative table Sale of property – Recapture Implications on repatriation to Canada Non-residents working in Canada Determination of employment income taxable in Canada Reporting Deductions Calculation of federal tax and non-refundable tax credits Provincial income tax Special rules for actors Section 216.1 election Special rules for pilots Election under section 217 for Canadian benefits Advantage of filing under section 217 Due dates Withholding Completing the section 217 T1 return Deductions Calculation of taxes payable Calculation of taxable income earned in Canada (TIEC) Federal tax credits Special credit Federal surtax and provincial tax Tax treaties Resident of a contracting state Tiebreaker rules Business profits Employment income Independent personal services Artists and athletes Pensions and annuities Capital gains Dividends and interest Other income Students Elimination of double tax Annotations Chapter 11 – Administration
Appendices
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