ECON 3204

Subject: ECONOMICS

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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.

Course No. and Title:

ECON 3204 Principles of Personal Taxation

Credit Value:

Three (3) credit hours

Benefits of the course

  • Gain an understanding of deferred income plans like RRSPs, RESPs, and TFSAs.
  • Better understand the tax credits and exemptions available to you as an individual taxpayer.
  • Small business owners will learn to calculate taxable income for a business.
Course Description:

ECON3204 examines the taxation of personal income and the theory underlying the taxation system as expressed in the Income Tax Act (Canada). Topics include calculation of income and deductions for tax purposes, personal tax credits, 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 personal tax returns and be able to prepare a calculation of personal taxes payable. Students will also be able to identify planning opportunities to optimize personal taxes payable when triggers are presented.

Prerequisite: This course as no prerequisites.
Course Author:

Candace Sears
Department of Economics
UNB, Fredericton
candace.sears@unb.ca

Course Features:

The course materials include video lectures (available for viewing any time on youtube) with supporting slides for note taking, and reading material provided within the course.  Optional practice quizzes for each module are available to complete on Desire2Learn.

Course Format:

The topics covered in this course are outlined below:

Topic 1 – Introduction, Overview of tax system, and administration

Topic 2 – Income from Office and Employment

Topic 3 – Tax Calculation and Credits

Topic 4 – Miscellaneous Income and Deductions

Topic 5 – Capital Cost Allowance 

Topic 6 – Income from a Business

Topic 7 – Income from Property

Topic 8 – Deferred Income Plans

Topic 9 – Capital Gains and Losses

Topic 10 – Gifts, Attribution, and Death

Topic 11 – Taxable Income and Tax Payable Revisited

Course Texts:

There is no required textbook

Assignments & Examinations:
Quiz 1 – Topics 1 to 3 10%
Quiz 2 – Topics 4 to 6 10%
Quiz 3 – Topics 7 to 9 10%
Final Exam – Comprehensive paper exam 70%

Evaluation methods include multiple choice, short answer, and case study questions that will require students to apply theory and also prepare calculations.

Quizzes will be available for completion on D2L and are open book. The final exam must be written in hardcopy under the supervision of an invigilator and is a comprehensive review of the course material.  The final exam is 3 hours long.

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

Time Limit: 6 months from registration date. All course exams and/or assignments must be completed by the designated end date of your course.
Fees:

Online courses are subject to an additional $100 non-refundable online fee per course. Fees are subject to change by the Board of Governors.
More information on fees for this course.

Methods of Payment:

Once you complete the Apply Now form below, please send payment. Methods of payment accepted:
Cash (Do not send in the mail. Please deliver to the College of Extended Learning, 2nd Level, Wu Centre, UNB Fredericton Campus)
Cheque or money order (Mail to UNB College of Extended Learning, PO Box 4400, Fredericton, New Brunswick, E3B 5A3)
MasterCard / VISA / American Express (Please call the College of Extended Learning at 1-866-599-4646  or 506 453-4646 with your credit card number, expiry date, and the name as it appears on the card. Please do not send credit card information via email).

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.