Taxation 1
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  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2003
Prerequisites: N/A
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin - Accounting
Program Coordinator(s): Donna P Grace
Course Leader or Contact: Multiple Course Leaders
Status: Approved - Under Rev (AREV)

Section I Notes: N/A

Section II: Course Details

Detailed Description
This course, along with the second semester course (ACCG3014), provides an extensive introduction to both personal and corporate federal income taxation in Canada. The topical coverage follows the order of presentation found in the income tax act. The emphasis in semester one and the first part of semester 2 is personal income taxation. The balance of semester 2 is devoted to corporate taxation. Topics covered in ACCG2005 include residency; employment income; income from business; depreciable capital property; eligible capital expenditures; and income from property. ACCG2005 and ACCG3014 together qualify for course exemption towards the CGA course of study. The CGA challenge exam for Taxation 1 is required.

Program Context

Business Admin - Accounting Program Coordinator: Donna P Grace
This course is a core component of the third year of the Accounting Program.

Course Learning Outcomes
Learning outcomes identify the critical performances, and the knowledge, skills and attitudes that successful students will have reliably demonstrated through the learning experiences and evaluation in the course. Successful students will have demonstrated the following:

Successful students will have demonstrated 
knowledge of:

-the background of the Canadian Income Tax System.
-the rights and obligations of the taxpayer and Canada Customs and 
 Revenue Agency. 
-the various levels of residence and the resulting 
 income taxable in Canada.
-common inclusions and deductions in determining 
 employment income.
-common inclusions and deductions in determining 
 income from business.
-the rules relating to capital cost allowance and 
 cumulative eligible capital deduction.
-common inclusions and deductions in determining 
 income from property.
Successful students will have demonstrated further 
development in their abilities to:

-discuss the historical, legal and theoretical 
 background of the Canadian Income Tax System.
-outline the rights and obligations of the 
 taxpayer and CCRA under the law.
-evaluate the alternatives in the residence issue 
 as they relate to a particular fact situation and state
 conclusions after weighing the relevance of the facts.
-calculate employment income.
-calculate income from business.
-make appropriate CCA and cumulative eligible 
 capital deduction calculations.
-calculate income from property.
Successful students will have demonstrated 
attitudes of commitment and acceptance of 
responsibility by:

-advance preparation, regular attendance and 
 participation in class.
-diligent completion of assignments and 
 independent study.
-meeting test and assignment due dates.
Evaluation Plan
Students demonstrate their learning in the following ways:

Class Attendance:
All students will be challenged by the nature and volume of material 
covered in this course.  Full participation and attendance is 
expected.  Students who miss a class are responsible for any 
information discussed, assigned or distributed in that class period.

Tests and Exams    80%
Assignments        20%
Total             100%

The instructor will provide details on the specifics of the 
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:


Generic Skills
Generic Skills emphasized in the course:

X communication - written X communication - oral   communication - visual
X analytical X creative thinking X decision making
X interpersonal X numeracy   organizational
X problem solving   technological   other (see below)

Notes: N/A

General Education
This General Education course relates to the following themes as specified by the Ministry of Training, Colleges and Universities.

  asthetic appreciation   social understanding
  civic life   understanding science
  cultural understanding   understanding technology
  personal development   work and the economy

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) : Office of the Registrar

Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam Portfolio Interview Other Not Eligible for PLAR

Notes:  N/A

Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Print Effective Term Professor Applicable Student Group(s)
Fall 2003 Multiple Professors Business Administration - Accounting
Fall 2003 Multiple Professors Continuing Education Business Students

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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