16:356 Taxation I: Personal Income Tax [Taylor]

Prerequisite: 16:151 with "C+" or better grade.

Overview of the Income Tax Act, as well as definitions and calculations of income from business, property and employment. Capital gains and losses, capital cost allowances, allowable personal deductions will be studied. The course will emphasize both the relevant procedures and their implications for basic personal tax planning.

3 lecture hours per week, one term.

Instructor: David Taylor