This is an advanced course in corporate income tax, focusing on the tax planning needs of private corporations and their shareholders. In this course, the student will acquire the foundation tax knowledge and basic research skills needed to be able to do corporate tax- related work at a professional level. This is achieved through a combination of lectures, assigned readings, practice in the application of the law to practical problems, the use of income tax software for both compliance and research purposes, and training in tax research and tax writing. Topics include the computation of corporate taxes, tax integration, owner compensation, corporate re-organizations, surplus distributions, partnerships, trusts, structuring business sales and acquisitions, international business expansion, as well as issues concerning tax compliance, planning and avoidance.
Below is one offering of FMGT 7410 for the Spring/Summer 2023 term.
Wed May 10 - Wed Aug 02 (13 weeks)
- 13 weeks
- CRN 68700
Class meeting times
|May 10 - Jun 21||Wed||18:00 - 21:30||Online|
|Jun 28||Wed||18:00 - 21:30||Burnaby SE06 Rm. 102|
|Jul 05 - Jul 26||Wed||18:00 - 21:30||Online|
|Aug 02||Wed||18:00 - 21:30||Burnaby SE06 Rm. 102|
- Departmental approval needed
This class will be held virtually, with the exception of mandatory in-person midterm and final exams. This is a synchronous course, so students must be available to attend remotely through Zoom at the scheduled class times. Students must have a webcam and microphone. Exams will be held during class time IN-PERSON at the Burnaby Campus in the classroom noted above. This is a degree level course for the Bachelor of Accounting program. Please direct any inquiries to email@example.com.
This course offering is in progress. Please check back next term or subscribe to receive email updates.
Upon successful completion, the student will be able to:
- Identify tax issues faced by closely held corporations and their owners.
- Use the Income Tax Act, and professional tax research tools, to determine the tax implications of the issues identified.
- Communicate the issues, the tax implications, the alternatives and recommendations.
- Use T2 software to file corporate tax returns.
- Review, advise on, and provide support for objections, appeals, and reassessments.
- Analyze and advise on tax-planning issues such as the purchase or sale of shares or assets, benefiting from the capital gains deduction on qualified small business corporation shares, succession planning, and reorganizations.
- Evaluate and advise on tax implications of alternative business decisions such as dividend versus salary, sharing small business deductions, personal service business, and acquisition of control.
- Design the use of partnerships and trusts in business and family tax planning.
Effective as of Fall 2016
Taxation of Close Corporations (FMGT 7410) is offered as a part of the following programs:
School of Business + Media
Bachelor of Accounting Full-time/Part-time
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Programs and courses are subject to change without notice.