This is the first course of a two-course sequence that examines the underlying principles, concepts, and methodology of income taxation in Canada. Topics include the determination of residency, liability of tax, computation of income, employment income, business income, calculation of taxes payable, capital cost allowance and eligible capital property. A tax software package will be used to illustrate preparation of an individual's tax return.
Prerequisite: BBUS 254 and 60 credits