Taxation 1 ACCT-226

Course Name: Taxation 1
Course Number: ACCT-226
Category: Accounting
Description Taxation 1 will offer you a basic understanding of the Income Tax Act and regulations used to determine Income Tax Liability as it applies mainly to individuals.

In the in-class course, you will be involved in lectures and interactive class discussions. You will also complete assignments, term tests, quizzes and a final exam, which will cover all of the semester's materials.

You will learn how to prepare a simple tax return for individual residents of Canada, and to use the knowledge you gain to solve problems relating to the taxation of individual resident and non-residents of Canada. A real-life simulation will see you complete both a manual and computer-generated tax return using recognized software to ensure you are comfortable and confident with the task.

As a result of Taxation 1, you will be able to demonstrate the ability to:

•Determine who is liable for taxation in Canada;
•Identify different sources of income and how they are taxed in the hands of an individual;
•Prepare an income tax return manually for an individual resident of Canada;
•Identify the administrative and enforcement policies of Canada Revenue Agency;
•Identify taxation issues and sources for research.
Notes Prerequisite: Financial Accounting 1 ACCT-112 or permission of the department.

This course is offered in both CE and Distance Learning formats.
For further information regarding Distance Learning, email online@centennialcollege.ca.

Associated Programs
Pre-requisities
Requires the following prerequisite(s):

ACCT-112 - Financial Accounting 1
Or permission of department
Section Cost Term Dates Meeting Times Campus Action
425 $449.21 202401 2024-01-16 to
2024-04-23
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OntarioLearn Full
435 $449.21 202405 2024-05-14 to
2024-08-20
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OntarioLearn Add
438 $449.21 202405 2024-06-03 to
2024-09-09
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OntarioLearn Add
439 $449.21 202405 2024-07-02 to
2024-10-08
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440 $449.21 202405 2024-08-01 to
2024-11-07
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Legend for Days
M - Monday T - Tuesday W - WednesdayR - Thursday F - Friday S - Saturday U -Sunday
TBA - To Be Announced