Building on ACCT 3221: Income Taxation 1, students examine the taxation of corporations,
corporate distributions, and transactions between corporations and their shareholders. Topics
include an in-depth coverage of taxable capital gains; deferred income plans; and the taxation of
corporate entities, partnerships, trusts and corporate reorganizations.
- Apply the income tax provisions for the determination of gains and losses on the disposition
of capital assets.
- Evaluate the various deferred income plans available to Canadians and how these plans can be
used for retirement, education or general wealth building purposes.
- Calculate the net income, taxable income and taxes payable for a corporate entity.
- Demonstrate how corporate entities are taxed on their investment income.
- Interpret the technical corporate taxation issues involving the acquisition of control,
association rules, investment tax credits, paid-up-capital and distribution of corporate
- Explain how a corporation can be used to reduce taxes, defer taxes, and facilitate income
- Quantify the income of a partnership for tax purposes and allocate this income to
- Explain the taxation of the different types of trusts and how they can be successfully used
for estate planning purposes.
- Identify the major provisions of Section 85 rollovers under the Canadian Income Tax Act and
other rollover provisions affecting corporations, partnerships and trusts.
Module 1: Introduction and Review
Module 2: Capital Gains and Losses
Module 3: Retirement Savings and Other Special Income Arrangements
Module 4: Taxable Income and Tax Payable for Corporations
Module 5: Taxation of Corporate Investment Income
Module 6: Other Issues in Corporate Taxation
Module 7: Corporate Taxation and Management Decisions
Module 8: Partnerships
Module 9: Trusts and Estate Planning
Module 10: Section 85 Rollovers
Required text and materials
The following textbook bundle (ISBN 978-0-13-786785-1) would have been purchased in ACCT 3221.
Students who did not take ACCT 3221 and/or don't already own the required textbooks, will need to
purchase it. To do so, please contact Enrolment Services at firstname.lastname@example.org or 1.800.663.9711 (toll-free in Canada), 250.852.7000 (Kamloops, BC), and
1.250.852.7000 (International). Access to the publisher’s MyLab companion website is also
- Donnell, G. (2023). Byrd and Chen's Canadian tax principles (2022–2023 ed., Vol. I).
- Donnell, G. (2023). Byrd and Chen's Canadian tax principles (2022–2023 ed., Vol. II).
- Donnell, G. (2023). Byrd and Chen's Canadian tax principles study guide (2022–2023
- A financial calculator
- Excel software is strongly recommended.
Note: Microsoft Office 365, which includes Word, Excel, PowerPoint, Outlook, and other
software, is available free of charge to TRU students.
Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact email@example.com with any questions about this.
To successfully complete this course, students must achieve a passing grade of 50% or higher on
the overall course and 50% or higher or higher on the final mandatory exam.
|Assignment 1: Modules 1 to 3
|Quiz 1: Modules 4 to 5
|Quiz 2: Modules 6 to 7
|Assignment 2: Modules 8 to 10
|Final Exam (mandatory)
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.