Students examine the structure of the Canadian income tax system, the Income Tax Act and the taxation of personal income. Topics include an introduction to federal taxation; procedures and administration; income or loss from employment, business income, or property income; capital cost allowances; capital gains and losses; other income and deductions; and the calculation of taxable income and tax payable for individuals. Prerequisites: There are no prerequisites for the course, but ACCT 1211, ACCT 1221, ACCT 2211, and CMNS 1290 are recommended. Note: Students will only receive credit for one of ACCT 3220, ACCT 3221, ACCT 3260, BBUS 3220, BBUS 3221 and BBUS 3260
Students examine the structure of the Canadian income tax system, the Income Tax Act and the taxation of personal income. Topics include an introduction to federal taxation; procedures and administration; income or loss from employment, business income, or property income; capital cost allowances; capital gains and losses; other income and deductions; and the calculation of taxable income and tax payable for individuals. Prerequisites: There are no prerequisites for the course, but ACCT 1211, ACCT 1221, ACCT 2211, and CMNS 1290 are recommended. Note: Students will only receive credit for one of ACCT 3220, ACCT 3221, ACCT 3260, BBUS 3220, BBUS 3221 and BBUS 3260
