Taxation 2 ACCT-336

Course Name: Taxation 2
Course Number: ACCT-336
Category: Accounting
Description The second taxation course in a series, Taxation 2 will look at compliance with the requirements of the Income Tax Act for Canadian resident corporations. It will especially emphasize tax planning decisions to be made by the owner and/or manager of a Canadian controlled private corporation.

You will learn through the use of assignments based on the materials covered in the semester, quizzes, two tests and a final exam.

As a Taxation 2 student, you will be able to reliably demonstrate the ability to:

•Determine corporation tax requirements, exposure and liability under the Canadian Income Tax Act;
•Calculate alternative acceptable installments schedules, identify filing deadlines and list situations where a corporation may face fines and penalties for non-compliance;
•Describe the tax advantages and disadvantages of incorporating a business and justify the decision whether to incorporate a business;
•List and explain the tax consequences of incorporation for the owner and/or manager of a Canadian-controlled private corporation including the type of compensation for the owner and/or manager;
•Discuss the overall structure for the taxation of income earned by non-residents in Canada.
Notes Prerequisite: Taxation 1 ACCT-226 or permission of the department.
Required course for the following outside certification:

This course is offered in both In-Class and Distance Learning formats.
Associated Programs
Requires the following prerequisite(s):

ACCT-226 - Taxation 1
Or permission of department
Section Cost Term Dates Meeting Times Campus Action
425 $449.21 202401 2024-01-16 to
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435 $449.21 202405 2024-05-14 to
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