FIP402 - Income Tax Planning

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Last revision date Jun 3, 2019 12:04:05 AM
Last review date Aug 23, 2019 7:49:05 PM

Subject Title
Income Tax Planning

Subject Description
This subject is intended for students pursuing a CFP designation. Students examine how business and financial assets are used to acquire and preserve wealth. They will acquire an understanding of business activities, investment products, their tax implications and the numerous strategies that affect income tax planning.

Credit Status
One credit.

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

  1. Describe money management techniques and consumer credit.
  2. Describe the various forms of business ownership.
  3. Discuss business corporations and their tax structures.
  4. Describe the major components of federal and provincial tax legislation.
  5. Discuss the tax treatment of employment income.
  6. Describe and calculate the tax impact of property income and capital gains.
  7. Calculate capital gains and losses and the impact of disposition of capital property.
  8. Calculate the benefits of tax advantages.

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