ACC400 - Taxation

Outline information
Semester
Schools offering this subject
Last revision date Apr 8, 2019 12:36:17 PM
Last review date Apr 8, 2019 12:36:48 PM

Subject Title
Taxation

Subject Description
The purpose of this course is to provide students with a knowledge of how to complete personal and business related tax returns. The emphasis will be on more practical aspects of compliance.

Credit Status
One Credit towards the Accounting Diploma Program.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Explain and demonstrate how to register an unincorporated business in Ontario and complete a Federal Business Number (BN)registration.

2. Demonstrate an understanding of the treatment and application
of GST/HST for normal business transactions.

3. Complete the HST/GST return and compute
the related remittance or refund amounts.

4. Payroll:
- identify the registration and reporting requirements
- demonstrate an understanding of how to apply personal tax credits
- compute and record employee payroll,tax withholding's and
employer remittances
- prepare annual filing summaries
- explain the nature and general purpose of Employer Health
Tax, the Work Place Safety & Insurance Board and the Record
of Employment

5. Demonstrate an understanding of the basic theory relating to
personal taxation and formulate basic strategies to benefit
the taxpayer.

6. Prepare or complete tax returns & related supporting schedules.

7. Operate a personal tax software package.

8. Explain & effectively communicate commodity, payroll and
income tax issues.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.