Lecture, demonstration and discussion.
- 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
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.
| Assignments (minimum of 2) | 10% |
| Tax Return Software Assignments (minimum of 2) | 10% |
| Midterm Examination | 40% |
| Final Examination | 40% |
| 100% |
STUDENTS MUST WRITE BOTH THE MIDTERM AND FINAL EXAMINATIONS TO RECEIVE CREDIT FOR THE COURSE.
Clarence Byrd and Ida Chen. Canadian Tax Principles, latest edition, Pearson Education Canada (Also used in ACCT 3470)
OR
Bill Buckwold and Joan Kitunen, Canadian Income Taxation, latest edition, McGraw Hill Ryerson (Also used in ACCT 3470)
OR other textbooks as approved by the Accounting department.
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)