Taxation

Centennial College’s Taxation course offers students the basic understanding of the Income Tax Act and regulations used to determine Income Tax Liability as it applies mainly to individuals.

In this in-class course, students will be involved in lectures and interactive class discussions. Learners will complete assignments, term tests, quizzes, and a final exam, which will cover all the semester’s materials.

Students will learn how to prepare a simple tax return for individual residents of Canada, and to use the knowledge gained to solve problems relating to the taxation of individual resident and non-residents of Canada. A real-life simulation will see students complete both a manual and computer-generated tax return using recognized software to ensure students are comfortable and confident with the task.

What You’ll Learn

• Determine who is liable for taxation in Canada.
• Identify different sources of income and how they are taxed in the hands of an individual.
• Prepare an income tax return manually for an individual resident of Canada.
• Identify the administrative and enforcement policies of Canada Revenue Agency.
• Identify taxation issues and sources for research.