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College of Extended Learning

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.

Instructor: Candace Sears (please contact the instructor if you need an up-to-date syllabus)
Prerequisite: ECON 3204 (recommended, not required)

Why take this course?

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

Course details

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

  • Quiz #1 (topics 1-4, worth 10% each)
  • Quiz #2 (topics 5-7, worth 10%)
  • Quiz #3 (topics 8-10, worth 10%)
  • 1 x Final Exam (comprehensive, worth 70%)

All mid-term exams and final exams for online courses will be invigilated at an approved time and location. Please refer to the Online Exam Request Form

Fees and payments

Online courses are subject to an additional $100 non-refundable/non-transferable online fee per course For more information on fees and methods of payment, please click here.

Apply now

If you have previously registered in this online course and wish to register again, please contact us at 453-4646 to complete the registration process.

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