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Course Details
The course will follow a conceptual framework based upon the structural elements of the Income Tax Act. Topics include the calculation of Net Income for Tax Purposes, Taxable Income, and Taxes Payable for individuals and corporations. The course also includes non-arm's length transactions, attribution, retirement savings, residency issues, and corporate integration issues. Basic tax planning strategies for individuals and corporations will also be explored.
Class WILL NOT be held Monday, Feb. 15th (Family Day) and Monday, Apr. 5th (Easter Monday) This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. There will also be specific deadlines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Class WILL NOT be held on Friday April 2nd (Good Friday) This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
In Progress
Spring/Summer 2021
Below are four offerings of this course for the Spring/Summer 2021 term.
This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. Class WILL NOT be held on Thursday, July 1st (Canada Day).
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
30 seats available as of Feb 25, 2021 10:36 pm (PST). Availability may change at any time.
Class WILL NOT be held on Thursday, July 1st (Canada Day) Due to high volume at the downtown campus at term start, students are advised to purchase their textbooks prior to the first lecture at either the Burnaby or downtown campus bookstores. This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
26 seats available as of Feb 25, 2021 10:36 pm (PST). Availability may change at any time.
This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. Class WILL NOT be held on Friday, May 28th.
Status
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Full
Learning Outcomes
Upon successful completion of this course, the student will be able to:
Recognize and calculate the components of Net Income for Tax Purposes, Taxable Income, and Taxes Payable for individuals and corporations.
Identify non-arm's length party transactions, and calculate the tax effects of the transactions.
Calculate the impact of deferred income arrangements.
Understand the significance of residency for individuals and corporations, and the mechanism for the taxation of nonresidents.
Identify basic tax planning opportunities in areas such as deferred income arrangements and owner/manager remuneration for private corporations.
Locate, interpret and cite appropriate tax authority.
Effective as of Fall 2018
Related Programs
FMGT 4410 is offered as a part of the following programs:
Books for Winter 2021 offerings of this course are available in the following BCIT
online bookstores. Please choose the bookstore appropriate for the offering
you are considering.
BCIT Downtown Campus Bookstore
If you are taking this course at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Downtown Campus Bookstore.
Image not available
Practioner's Income Tax Act 2020, 58Th Ed
Author
Sherman
Copyright
2020
Binding
Paperback
ISBN
978-0-77989-708-7
Price
$154.95
Required
Image not available
Canadian Tax Principles, 2020-2021 Ed W Mylab Acctg + Etext
Author
Byrd & Chen
Publisher
Ph
Copyright
2020
Binding
Kit/Set/Package
ISBN
978-0-13674-510-5
Price
$184.95
Choose One
Image not available
Cei Digital: Mylab Accounting W Etext For Cdn Tax Principles, 20-21 Ed
Author
Byrd & Chen
Publisher
Ph
Copyright
2020
Binding
Digital Version
ISBN
978-0-13695-747-8
Price
$99.95
Choose One
Spring/Summer 2021
No information on books is currently available for Spring/Summer 2021 offerings of this course.
Subscribe
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Registration is now open for the Spring/Summer 2021 term.
Classroom Locations
Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.