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
Contact E-mail	ce@centennialcollege.ca
Associated Programs
Register Online	https://secure.centennialcollege.ca/webreg/

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 -	OntarioLearn
435	$449.21	Summer 2024	2024-05-14	2024-08-20	Times Days No times defined -	OntarioLearn

Legend for Days M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday TBA - To Be Announced