Taxation & Tax Planning

This course provides students with an understanding of the objectives and principles of Income Taxation in Canada. The topics covered include the role of government in income tax administration, liability for personal income tax, employment, business, property, capital gains, other income, deductions, tax credits and the calculation of taxes payable for individuals resident in Canada. In addition it explores advanced concepts related to personal tax affairs and tax planning strategies including the capital gains system, capital cost allowance, capital dividends, eligible capital expenditures, alternative minimum tax and income attribution.