|Course Name||Taxation 1|
|Description||Taxation 1 will offer you a basic understanding of the Income Tax Act and regulations used to determine Income Tax Liability as it applies mainly to individuals.
In the in-class course, you will be involved in lectures and interactive class discussions. You will also complete assignments, term tests, quizzes and a final exam, which will cover all of the semester's materials.
You will learn how to prepare a simple tax return for individual residents of Canada, and to use the knowledge you gain to solve problems relating to the taxation of individual resident and non-residents of Canada. A real-life simulation will see you complete both a manual and computer-generated tax return using recognized software to ensure you are comfortable and confident with the task.
As a result of Taxation 1, you will be able to demonstrate the ability to:
•Determine who is liable for taxation in Canada;
•Identify different sources of income and how they are taxed in the hands of an individual;
•Prepare an income tax return manually for an individual resident of Canada;
•Identify the administrative and enforcement policies of Canada Revenue Agency;
•Identify taxation issues and sources for research.
|Notes||Prerequisite: Financial Accounting 1 ACCT-112 or permission of the department.
Required course for the two year diploma and the following outside certification: CIB
This course is offered in both CE and Distance Learning formats.
For further information regarding Distance Learning, email firstname.lastname@example.org.
|Section||Cost||Semester||Start Date||End Date||Meeting Times||Campus|
|Legend for Days
M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday
TBA - To Be Announced