Students analyze the general structure of the Canadian income taxation system and its effect on business decision making and financial planning. This course adopts a decision approach to taxation and focuses on the needs of non-accountants. Topics include an introduction to federal taxation; procedures and administration; income or loss from office, employment, business, and property; capital cost allowances; capital gains and losses; other income and deductions; and calculation of taxable income and tax payable for individuals. Prerequisite: ACCT 2210 (min grade C-) or CMNS 1290 (min grade C-); or equivalent Note: Students cannot receive credit for more than one of ACCT 3260, ACCT 3220, ACCT 3221, BBUS 3260, BBUS 3220 or BBUS 3221
Students analyze the general structure of the Canadian income taxation system and its effect on business decision making and financial planning. This course adopts a decision approach to taxation and focuses on the needs of non-accountants. Topics include an introduction to federal taxation; procedures and administration; income or loss from office, employment, business, and property; capital cost allowances; capital gains and losses; other income and deductions; and calculation of taxable income and tax payable for individuals. Prerequisite: ACCT 2210 (min grade C-) or CMNS 1290 (min grade C-); or equivalent Note: Students cannot receive credit for more than one of ACCT 3260, ACCT 3220, ACCT 3221, BBUS 3260, BBUS 3220 or BBUS 3221
