The Taxation of Personal Income: Principles and Practice

Subject	Course No.	Credit Value
Economics	ECON 3204	Three (3) credit hours

This course examines the taxation of personal income and the theory underlying the taxation system as expressed in the Income Tax Act (Canada). Topics include calculation of income and deductions for tax purposes, personal tax credits, application of tax rates, the theory of integration, tax planning and the social policies underlying the taxation system.

On completion of this course, students should be able to explain basic tax concepts related to preparing personal tax returns and be able to prepare a calculation of personal taxes payable.

Contact the instructor to request a syllabus.

Instructor: Candace Sears
Prerequisite: First year economics is recommended but not required

What you will learn

This course is designed to help you:

• Gain an understanding of deferred income plans like RRSPs, RESPs and TFSAs.
• Understand the tax credits and exemptions available to you as an individual taxpayer.
• Learn to calculate taxable income for a business.

Students have six months from the registration date to complete the course. All course exams and/or assignments must be completed by the designated end date.

Assignments and examinations

• 2 x midterm exams (15% each)
• 1 x final exam (70%)

Fees and payments

There is a $150 non-refundable/non-transferable online fee per course in addition to applicable tuition & fees. Learn more about our payment options.

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