FINA 1610 Introduction to Taxation

Overview of Canadian income tax principles for individuals and sole proprietorships with practical filing exercises.

About this course

FINA 1610 Introduction to Taxation provides a practical overview of Canadian income tax principles. You will focus on the specific rules that apply to individuals and sole proprietorships. The course moves beyond theory, using real-world filing exercises to help you understand how tax forms are completed and how taxable income is calculated.

Who takes this course

This course is a required component of the following programs:

• Accounting
• Accounting (Part-time)

Credits: 3 · Hours: 45

Prerequisites

None

Learning outcomes

• Identify income sources and calculate taxable income for individuals.
• Apply deduction and credit rules for sole proprietorships.
• Prepare T1 and T2 returns using current forms.
• Evaluate tax planning strategies for small business owners.

Evaluation