The Taxation of Business Income: Principles and Practice

Subject	Course No.	Credit Value
Economics	ECON 3205	Three (3) credit hours

This course examines the taxation of corporate income and the theory underlying the taxation system as expressed in the Income Tax Act (Canada). Topics include calculation of income for tax purposes, 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 corporate tax returns, deciding how to structure an investment in a corporation, reorganizing a corporate group to optimize tax planning and should be able to prepare a calculation of corporate taxes payable.

Contact the instructor to request a syllabus.

Instructor: Candace Sears
Prerequisite: ECON 3204 (recommended, not required).

What you will learn

This course is designed to help you:

• Understand the benefits of using a corporation and explore considerations for the right time to create one.
• Learn about different share ownership structures and how to achieve financial planning objectives.
• Gain knowledge about the pros and cons of using trusts.

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

• 3 x quizzes (10% 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.

Apply now