Income Tax 1
Overview
- The Canadian Tax System
- Income or Loss from an Office or Employment
- Taxable Income and Tax Payable for Individuals
- Capital Cost Allowances and Cumulative Eligible Capital
- Income or Loss from a Business
- Income from Property
- Capital Gains and Losses
- Other Income, Other Deductions, and Income Attribution
- Retirement Savings and Other Special Income Arrangements
- Procedures and administration as they apply to individuals
- Use of Tax Return Software
Class Lecture, demonstration and discussion. All methods of instruction apply to in class, hybrid and/or online modes of learning.
Assessment will be carried out in accordance with the Douglas College Evaluation Policy
Assignments &/or tests &/or Tax Return Software assignment(s) AND case analysis | 30% |
Midterm Examination | 30% |
Final Examination | 40% |
Total | 100% |
Students must write both the midterm examinations and the final examinations to pass the course.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
At the end of the course, the successful student should be able to:
1. Demonstrate the use of tax law and procedures to solve various tax issues;
2. Demonstrate knowledge of special topics pertaining to individual taxation;
3. Understand the structure of the Income Tax Act;
4. Demonstrate how to obtain tax information to solve issues with regard to personal taxation;
5. Demonstrate the use of tax return software for individual tax returns.
Clarence Byrd and Ida Chen. Canadian Tax Principles, latest edition, Pearson Education Canada (Also used in ACCT 3470)
OR other textbooks as approved by the Accounting department.
Personal income tax software approved by the department & CRA.
Only Faculty of Commerce and Business approved calculators may be used in examinations.
Optional:
Canadian Income Tax Act, latest edition. (Also used in ACCT 3470)
Requisites
Prerequisites
ACCT 1210 with a minimum grade of C
OR
ACCT 1235 with a minimum grade of C
OR
ACCT 3008 with a minimum grade of C
OR Currently active in one of the following:
PBD Accounting
PBD Accounting and Finance
PBD Finance
PDD Accounting
PDD Financial Planning
Corequisites
No corequisite courses.
Equivalencies
No equivalent courses.
Course Guidelines
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
Course Transfers
These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca
Institution | Transfer Details for ACCT 3370 |
---|---|
Athabasca University (AU) | AU TAXX 301 (3) |
BC Institute of Technology (BCIT) | BCIT FMGT 3410 (4) |
Camosun College (CAMO) | CAMO ACCT 240 (3) |
Capilano University (CAPU) | DOUG ACCT 3370 (3) & DOUG ACCT 3470 (3) = CAPU BFIN 351 (3) & CAPU BFIN 3XX (3) |
Kwantlen Polytechnic University (KPU) | KPU ACCT 2235 (3) |
Langara College (LANG) | LANG FMGT 2XXX (3) |
North Island College (NIC) | NIC BUS 223 (3) |
Simon Fraser University (SFU) | No credit |
Thompson Rivers University (TRU) | TRU ACCT 3220 (3) |
University Canada West (UCW) | UCW ACCT 3XX (3) |
University of British Columbia - Okanagan (UBCO) | DOUG ACCT 3370 (3) & DOUG ACCT 3470 (3) = UBCO MGMT_O 2nd (3) |
University of British Columbia - Vancouver (UBCV) | DOUG ACCT 3370 (3) & DOUG ACCT 3470 (3) = UBCV COMM_V 355 (3) |
University of Northern BC (UNBC) | UNBC COMM 313 (3) |
University of the Fraser Valley (UFV) | UFV BUS 345 (3) |
University of Victoria (UVIC) | UVIC COM 4XX (1.5) |
Vancouver Community College (VCC) | VCC ACCT 2002 (3) |
Vancouver Island University (VIU) | VIU ACCT 217 (3) |
Course Offerings
Winter 2025
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
14171
|
Thu | Instructor Last Name
Bains
Instructor First Name
Aman
|
Course Status
Open
|
This course will include synchronous online activities. Students should plan to be available online at scheduled course times.
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
14596
|
Thu | Instructor Last Name
Bains
Instructor First Name
Aman
|
Course Status
Waitlist
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
15058
|
Fri | Instructor Last Name
Lin
Instructor First Name
Jack
|
Course Status
Open
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
15139
|
Wed | Instructor Last Name
TBA
Instructor First Name
(Faculty)
|
Course Status
Open
|