BUSINESS A732 / Canadian Income Tax Fundamentals

3 unit(s)

Prerequisite(s): BUSINESS A600 OR BUSINESS A650

Antirequisite(s): BUSINESS A730 AND BUSINESS A733

This course will appeal to future managers who wish to have knowledge about Canadian taxation policies both for their own personal needs as well as to improve the equity position of firms through tax planning and compliance. The course is intended to provide students with general knowledge of major topics of Canadian income tax law. Topics include liability for tax, computation of income, taxable income and tax for both individuals and corporations. Other topics include incorporation and dissolution of a corporation, purchase and sale of a business, and rights and obligations under the Income Tax Act.