416 289 5000
1-800-268-4419 (in Ontario)

P.O. Box 631 Station A
Toronto, ON, M1K 5E9

Taxation 2

Course Code ACCT-336
Course Name Taxation 2
Category Accounting
Description 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.
Notes 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.
Contact Telephone 416-289-5207
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Section Cost Semester Start Date End Date Meeting Times Campus
425 $449.21 Winter 2024 2024-01-16 2024-04-23
Times Days
No times defined -
435 $449.21 Summer 2024 2024-05-14 2024-08-20
Times Days
No times defined -
Legend for Days
M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday
TBA - To Be Announced