Taxation 2
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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: (ACCG2005)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin - Accounting
Program Coordinator(s): Multiple Coordinators
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 is a continuation of the study of federal income taxation in Canada started in Taxation 1. Topics include capital gains and losses, other sources of income and other deductions, computing taxable income and taxes payable for individuals and corporations.

Program Context

Business Admin - Accounting Program Coordinator: Multiple
This course is a core component of the third year of the Accounting Program. A minimum of a "B" grade is required in both courses ACCG2005 (Taxation 1) and ACCG3014 to qualify the student to write a challenge exam in the CGA Program. Program Coordinators: Trafalgar - TBA, Davis - Donna P. Grace

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 issues and 
calculations relating to:

- Taxable capital gains and allowable capital losses.
- Other sources of income and deductions.
- Division B income for individuals.
- Division C deductions and taxable income for individuals.
- Non-refundable tax credits and taxes payable for individuals.
- Division B income for corporations.
- Division C deductions and taxable income for corporations.
- The federal tax abatement, federal surtax, federal manufacturing and 
  processing profits credit, federal foreign tax credits, federal 
  investment tax credit, federal political donations credit for 
- Integration of the taxation of private corporations and their 
- The federal small business tax credit and associated corporation 
- Taxation of investment income in private corporations and federal 
  refundable taxes.
Successful students will have demonstrated further 
development in their abilities to:

-Apply their knowledge to practical problems in terms of "compliance" 
 and "planning".
-Communicate in oral and written form.

Successful students will have demonstrated an apreciation for the 
complexity and the relevance of tax law.  They will also have 
demonstrated a 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 particpation 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 

Note:  The midterm exam is a comprehensive examination of personal 
income taxation and will include relevant material covered in 
ACCG2005.  The final exam is a comprehensive examination of corporate 
income taxation and will include relevant material covere in ACCG2005 
and chapter seven of this course.
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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