Taxation 2: Corporate

Course Code: ACCT 3501

Academic Year: 2021-2022

This course explains the theoretical concepts behind the specific provisions of the law as they relate to the taxation of corporations. It will provide students with the opportunity to apply the law in practical problems and case settings. The course examines arm's length transfers, income attribution, investment income, corporate surplus distributions and rollovers in Canadian corporations. Students perform computations of net income, taxable income and taxes payable, both manually and using current taxation software. In addition, students will interpret the law, taking into account the specific wording of the provisions, judicial decisions and Revenue Canada's position, and introduce basic tax planning concepts through problem application.