Taxation 1

Undergraduate

Principles underlying federal income taxation in Canada through an analysis of the Income Tax Act. Computation of net income for tax purposes. Administration and Compliance including rights and obligations of the taxpayer. Determination of effects of federal income taxes on decision-making. Discussion of taxation issues that integrate across businesses and for individuals. General sales tax and harmonized sales tax (GST/HST). Course Format: Lectures, discussion, 3 hours per week. Restrictions: Open to BAcc majors or permission of the Department. Prerequisite(s): ACTG 1P02 (1P12) or ACTG 2P12 Course Notes: This course may be offered in multiple modes of delivery. The method of delivery will be listed on the academic timetable, in the applicable term. Exclusions: Completion of this course will replace previous assigned grade and credit obtained in ACTG 4P41