Learn about the obligations Canadian income tax legislation places on corporations to pay tax on income from business and other sources. Use your knowledge of taxation principles and concepts to plan and assess the tax implications of shareholder manager remuneration, corporate distributions, wind-ups and sales, income deferral, and partnerships and trusts.
Prerequisites:
Introduction to Financial Accounting (BUS‑127);
Canadian Income Taxation I (BUS‑319)
Introduction to Financial Accounting
BUS‑127
Begin to speak accounting, the “language of business”. Learn how transactions and events related to cash, receivables, long-lived assets, liabilities, and equity are captured in financial terms and are compiled into financial statements. Read and interpret financial statements, and compare performance from one year to the next or one business to the next.
Canadian Income Taxation I
BUS‑319
Learn about the obligations Canadian income tax legislation places on individuals to pay tax on income from employment, business, and other sources. Use your knowledge of taxation principles and concepts related to income and allowable deductions to calculate taxable income and tax payable for individuals.
