Permission of the Department of Accounting is required for all 300- and 400-level taxation courses.
1/2(3L) (Not offered in 2003-2004)
Prerequisite(s): Fourth-year standing.
Students acquire an understanding of the fundamentals of the Canadian tax system and its impact on business and personal decision-making. The Canadian income tax structure is examined, a theory for tax planning is developed, and specific tax planning topics are discussed.
Note: Students may receive credit for only one of COMM 405.3 or COMM 406.3
1(3L)
Prerequisite(s): COMM 321.
Exposes students to the technical provisions of the Income Tax Act and their interpretation and application. In particular, the course examines the liability for tax and the computation of net income for tax purposes. Emphasis is placed on learning how to read, understand and apply the legislation itself. Students are also introduced to the skills necessary to research a tax issue.
Note: Students may receive credit for only one of COMM 405.3 or COMM 406.3