ECON 3204 The Taxation of Personal Income: Principles and Practice | UNB

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College of Extended Learning

The Taxation of Personal Income: Principles and Practice

Subject Course No. Credit Value
Economics ECON 3204 Three (3) credit hours

This course 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.

Instructor: Candace Sears (please contact the instructor if you need an up-to-date syllabus)
Prerequisite: First year economics is recommended but not required

Why take this 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 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

  • 2 x Midterm Exams (15% each)
  • 1 x Final Exam (70%)

Fees and payments

There is a $150 non-refundable/non-transferable online fee per course in addition to applicable tuition & fees. Learn more about tuition and fees and methods of payment.