4SB3 - Fall 2014 - 1 of 6
Introduction to Canadian Taxation
Fall 2014 Course Outline
Accounting and Financial Management Services
DeGroote School of Business
INSTRUCTOR AND CONTACT INFORMATION
Thursday: 14:30 – 17:20
Tuesday: 14:30 – 17:30
Tuesday: 19:00 – 22:00
Office Hours: To be arranged
Tel: (905) 522-6555
4SB3 - Fall 2014 - 2 of 6
This is the first of two introductory courses in Federal income tax law which are designed to achieve the following objectives:
to explain the theoretical concepts behind the specific provisions of the law,
to apply the law in practical problems and case settings,
to interpret the law, taking into account the specific wording of the provisions, judicial decisions and Canada Revenue Agency's (CRA) position, and
to introduce basic tax planning concepts through problem application.
REQUIRED COURSE MATERIALS AND READINGS
TEXTBOOKS: We will use the following reading materials, available from the McMaster bookstore. Both text books are required.
• R.E. Beam and S.N. Laiken, Introduction to Federal Income Taxation in Canada, 2014 2015, 35h edition, CCH Canadian Limited, North York, Ontario 2014. • Canadian Income Tax Act with Regulations. (Current edition available in bookstore). Texts are available at the bookstore. Due to the volatile nature of the law governing the study of income tax, students should not attempt the course without current text materials.
Students are expected to do the required readings and keep up with the exercises and assignments at the end of each chapter in the Beam & Laiken text. Class preparation is essential if the student wishes to obtain maximum benefit from class work. The prime teaching method is class discussion and solving of assigned problems. During the discussion of an assigned problem the instructor will make overview comments, explain the underlying concepts or rationale of the material being applied and emphasize a systematic approach to problems. Extended lectures will not be given on materials that students can read and understand through application. Your final grade will be calculated as follows:
Components and Weights
The components of the course grade will be weighted as follows: COMPONENT
Midterm (tentative, Monday, October 27 @ 7:00pm)
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The mid-term examination will be graded on a numerical marking scheme. Students will be informed how the numerical marks can be interpreted in terms of the official letter-grade scale at the time the exams are returned.
There will be no makeups for the mid-term examination. If a student has a valid reason for missing the mid-term examination, as documented by a medical certificate, etc., this portion of the grade will be re-weighted to the final examination. The rules customarily followed by the School of Business will govern absence from the final examination. The instructor reserves the right to adjust grades for class participation or in the event significant improvement is noted on the final exam.
If you have any specific questions in this regard, please ask. NOTE: The use of a McMaster standard calculator is allowed during examinations in this course. See McMaster calculator policy at the following URL:...
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