Taxation 2 ACCT-336
|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.
|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.
Requires the following prerequisite(s):
ACCT-226 - Taxation 1
Or permission of department