Real Estate Taxation
Overview
- Review of the Canadian Taxation system as it pertains to individuals, corporations, trusts, and partnerships, including:
- Taxation of Aggregate investment income (AII), including rental income.
- Real estate as business income and capital property.
- Capital cost allowance (CCA).
- Real estate development, purchases, and sales.
- Changes in use of properties.
- Tax structuring for real estate - Partnerships, trusts, and corporations.
- Real Estate Investment Trusts (REITs).
- Financing issues for real estate companies.
- Tenant and leasing issues.
- Tenant inducements.
- Lease cancellations.
- Rent-free periods.
- Tax incentives for real estate.
- Sales (GST/HST) and other indirect taxes, including property transfer taxes and speculation and vacancy taxes.
- Non-residents and Canadian real estate.
Lecture and/or seminar
All methods of instruction apply to in class, hybrid and/or online modes of learning.
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.
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.
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.
Requisites
Prerequisites
ACCT 3370 with a minimum grade of C
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 3570 |
|---|---|
| Acsenda School of Management (ASM) | ASM GEN 3XX (3) |
| Alexander College (ALEX) | ALEX COMM 2XX (3) |
| Athabasca University (AU) | AU TAXX 3XX (3) |
| Camosun College (CAMO) | CAMO ACCT 3XX (3) |
| College of New Caledonia (CNC) | CNC ACC 2XX (3) |
| College of the Rockies (COTR) | COTR ACCT 2XX (3) |
| Fairleigh Dickinson University (FDU) | FDU ACCT 1XXX (3) |
| Kwantlen Polytechnic University (KPU) | No credit |
| LaSalle College Vancouver (LCV) | LCV BUS 2XX (3) |
| Thompson Rivers University (TRU) | TRU ACCT 3XXX (3) |
| University Canada West (UCW) | UCW ACCT 3XX (3) |
| University of Northern BC (UNBC) | No credit |
| University of the Fraser Valley (UFV) | UFV BUS 3XX (3) |
| Yorkville University (YVU) | YVU BUSIE XXX (3) |