FIP402 - Income Tax Planning

Outline information
Semester
Schools offering this subject
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.

Academic Integrity
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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
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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.