Course Name (short): Income Taxation 2
School: N/A
Program(s): N/A
Program Coordinator(s): N/A
Course Leader or Contact: Multiple Course Leaders
Originator: Ravneet Malhi
Designate: Ravneet Malhi
Version: 4.0
Status: Approved - Under Rev (AREV)

Calendar Description
N/A

Typical Instructional Format

Courses may be offered in other formats.

Section I Notes: This course is offered in a classroom version and an online version. In the classroom version, there are three hours per week of classroom instruction. The online version is a web-based course offered entirely online through Sheridan College. Students taking this course will need reliable access to the internet, and should have a basic level of comfort using computers as well as the self-discipline to study independently. Students can expect to spend an additional three hours per week for online activities such as postings, discussions, assignments and homework. Students in the online course will be expected to write the mid-term and the final exam in person at Sheridan College. A minimum 'B' grade is required in both courses, ACCG70024 and ACCG70025, to apply for partial course exemption towards the Certified General Accountants of Ontario (CGA) course TX1. The CGA challenge exam for TX 1 is required.

Detailed Description
Students continue to build on their knowledge of federal income taxation in Canada. Studies include sources of net income with the examination of capital gains and losses and the treatment of miscellaneous sources of income and deductions. Students determine taxable income, tax rates and various personal tax credits in order to calculate individual taxes payable. The study of Corporate income tax is introduced and students learn to analyze the corporation and its activities, to determine the optimal tax deductions (or tax credits) to minimize corporate taxes payable. In the online course students will be involved in assigned chats and online assessments that are comprised of quizzes and assignments.

Program Context