0975 - Taxation for Canadian Business
Course Description
Aimed at financial, tax, accounting and investment professionals, this introductory course is designed to give you an understanding of the conceptual structure of the Income Tax Act and its administration. The course covers the key elements of taxation for individuals and corporations, including income from employment, business and property; capital gains and losses; shareholder benefits; tax planning; international taxation; deductions from income; and calculating taxable income and tax due.
TEACHING METHODS
This course is delivered entirely online. Each week, learners will be expected to do a series of required readings and practice questions. Each week there is a live session online that will run approximately two and half hours. These sessions will be recorded and available to the learners for the duration of the course. Depending on the learners’ questions and the content covered, the session could run to three hours. Learners are provided with detailed teaching notes in advance to assist them in following the lecture and understanding the material.
Learning Outcomes
- Understand the application of income tax law, taking into consideration the specific wording of the Income Tax Act, Canada Revenue Agency's interpretations and policies, and the impact of judicial decisions.
- Learn the theoretical concepts behind the specific provisions of the Income Tax Act.
- Apply the law to practical problems.
- Understand basic tax planning concepts.
- Learn guidelines in applying professional ethics, whether to tax planning for individuals and corporations or to ethical concerns in international transactions.
- Utilize the underlying concept and technical aspects for success in professional exams.
Notes
Assesments
3 midterms (70% of your grade) - all midterms are done online during a 96-hour window starting on Thursday and ending at midnight on Sunday. This provides the learner the opportunity to balance learning, work, and life.
2 case assignments (30% of your grade) - recommended to be performed in groups to assist in building competencies, such as teamwork, cooperation, and leadership, while also providing an opportunity to grow your professional network.
Further details will be available on the course outline, which will be available on the first day of class.
This course is recognised by the following association(s). Click on the association name for details.
This course may be applied towards the SCS Certificate(s) in
- Professional Accounting: Intermediate Level : Required Courses
