Course Description
This course provides an introduction to Canadian taxation topics related to the real estate industry. Building on introductory corporate and individual taxation topics, this course explores the tax consequences of real estate purchases and sales, effective tax structuring and planning in the real estate industry, sales and other indirect taxes, and financing issues. This course explores the taxation of resident and non-residents holding Canadian real estate.
Learning Activities
Lecture and/or seminar
All methods of instruction apply to in class, hybrid and/or online modes of learning.
Means of Assessment
Assessment will be in accordance with the Douglas College Evaluation Policy.
| Assignment(s) and/or quizzes |
15%-25% |
| Term project(s) and/or case studies |
10%-20% |
| In-Class work and/or in-class assignments and/or participation |
5%-10% |
| Midterm Examination |
25% |
| Final Examination (Cumulative) |
35% |
| Total |
100% |
Students must write the midterm examination and the final examination to obtain credit for the course.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizz(es), midterm examination and the final examination.
Learning Outcomes
At the end of the course, the successful student should be able to:
- Evaluate tax law and procedures to solve various taxation issues for corporations, partnerships, and trusts in the real estate industry;
- Demonstrate knowledge of special topics pertaining to taxation in the real estate industry;
- Demonstrate how to obtain tax information to solve issues with regards to taxation in the real estate industry;
- Analyze transactions in the real estate industry for the application of sales and other indirect taxes;
- Evaluate various organizational structures in the real estate industry for tax efficiency.
Textbook Materials
Clarence Byrd and Ida Chen. Canadian Tax Principles, latest edition, Pearson Education Canada.
OR other textbooks as approved by the Accounting department.
AND Instructor selected material relevant to real estate taxation.