Income Tax II

Curriculum Guideline

Effective Date:
Course Code
ACCT 3470
Income Tax II
Commerce & Business Administration
Start Date
End Term
Not Specified
Semester Length
15 Weeks
Max Class Size
Course Designation
Industry Designation
Contact Hours

Lecture and/or Seminar: 1 X 3 hours per week OR 2 X 2hrs per week

Method(s) Of Instruction
Learning Activities

Lectures, seminars and case analysis. All methods of instruction apply to in class, hybrid and/or online modes of learning.

Course Description
This course covers the fundamental principles and concepts of Canadian federal income tax legislation as it applies to corporations, trusts, and partnerships; international taxation for individuals and corporations; tax planning for individuals in relation to corporations; GST/HST and payroll tax. The course emphasizes the understanding of the conceptual structure of the Income Tax Act and equips students with skills in the application of its rules to practical cases including the use of tax return software.
Course Content
  1. Treatment of Losses, Lifetime Capital Gains Deduction, Alternative Minimum Tax
  2. Taxable Income and Tax Payable for Corporations
  3. Taxation of Corporate Investment Income
  4. Other Issues in Corporate Taxation: acquisition of control, investment tax credits, tax basis shareholder's equity, distribution of corporate surplus
  5. Procedures and Administration as they apply to corporations and trusts
  6. Corporate Taxation and Management Decisions
  7. Rollovers under section 85
  8. Partnerships
  9. Trusts and Estate Planning
  10. International Issues in Taxation
  11. Goods and Services Tax and Harmonized Sales Tax
  12. Payroll remittances as well as Records of Employment
  13. Use of Tax Return Software
Learning Outcomes

At the end of the course, the successful student should be able to:

  1. Demonstrate the use of tax law and procedures to solve various tax issues for individuals, corporations, partnerships and trusts;
  2. Demonstrate knowledge of special topics pertaining to individual and corporate taxation;
  3. Understand the structure of the Income Tax Act;
  4. Demonstrate how to obtain tax information to solve issues with regard to personal and corporate taxation;
  5. Understand the law and procedures that relate to GST and HST;
  6. Obtain a basic understanding of international taxation;
  7. Demonstrate the use of tax return software for individual and corporate tax returns.
Means of Assessment

Evaluation will be carried out in accordance with the Douglas College Evaluation Policy.

Assignments &/or Tests &/or Tax Return Software Assignment AND Case Analysis  30%
Midterm Examination  30%
Final Examination  40%
Total 100%

Students must write both the midterm examinations and the final examinations to pass the course.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Textbook Materials


Clarence Byrd and Ida Chen.  Canadian Tax Principles, Pearson Education Canada. Or other textbooks as approved by department.

OR other textbooks as approved by the Accounting department.

Resources provided by instructor

Corporate tax software as approved by the department & CRA.

Only Faculty of Commerce and Business approved calculators may be used in examinations.

Optional: Canadian Income Tax Act, latest edition. (Also used in ACCT 3370) 


ACCT 3370 with a minimum grade of C