Course

Real Estate Taxation

Faculty
Commerce & Business Administration
Department
Accounting
Course Code
ACCT 3570
Credits
3.00
Semester Length
15 Weeks
Max Class Size
35
Method(s) Of Instruction
Lecture
Seminar
Online
Hybrid
Course Designation
None
Industry Designation
None
Typically Offered
To be determined

Overview

Course Description
This course provides an introduction to Canadian taxation topics related to the real estate industry. Building on introductory corporate and individual taxation topics, this course explores the tax consequences of real estate purchases and sales, effective tax structuring and planning in the real estate industry, sales and other indirect taxes, and financing issues. This course explores the taxation of resident and non-residents holding Canadian real estate.
Course Content
  • Review of the Canadian Taxation system as it pertains to individuals, corporations, trusts, and partnerships, including:
    • Taxation of Aggregate investment income (AII), including rental income.
    • Real estate as business income and capital property.
    • Capital cost allowance (CCA).
  • Real estate development, purchases, and sales.
  • Changes in use of properties.
  • Tax structuring for real estate - Partnerships, trusts, and corporations.
  • Real Estate Investment Trusts (REITs).
  • Financing issues for real estate companies.
  • Tenant and leasing issues.
    • Tenant inducements.
    • Lease cancellations.
    • Rent-free periods.
  • Tax incentives for real estate.
  • Sales (GST/HST) and other indirect taxes, including property transfer taxes and speculation and vacancy taxes.
  • Non-residents and Canadian real estate.
Learning Activities

Lecture and/or seminar

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

Means of Assessment

Assessment will be in accordance with the Douglas College Evaluation Policy.

Assignment(s) and/or quizzes 15%-25%
Term project(s) and/or case studies 10%-20%
In-Class work and/or in-class assignments and/or participation 5%-10%
Midterm Examination 25%
Final Examination (Cumulative) 35%
Total 100%

Students must write the midterm examination and the final examination to obtain credit for the course. 

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.

Invigilated assessments include, in-class quizz(es), midterm examination and the final examination.

Learning Outcomes

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

  • Evaluate tax law and procedures to solve various taxation issues for corporations, partnerships, and trusts in the real estate industry;
  • Demonstrate knowledge of special topics pertaining to taxation in the real estate industry;
  • Demonstrate how to obtain tax information to solve issues with regards to taxation in the real estate industry;
  • Analyze transactions in the real estate industry for the application of sales and other indirect taxes;
  • Evaluate various organizational structures in the real estate industry for tax efficiency.
Textbook Materials

Clarence Byrd and Ida Chen.  Canadian Tax Principles, latest edition, Pearson Education Canada. 

OR other textbooks as approved by the Accounting department.

AND Instructor selected material relevant to real estate taxation.

Requisites

Prerequisites

ACCT 3370 with a minimum grade of C

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

Institution Transfer Details for ACCT 3570
Acsenda School of Management (ASM) ASM GEN 3XX (3)
Alexander College (ALEX) ALEX COMM 2XX (3)
Athabasca University (AU) AU TAXX 3XX (3)
Camosun College (CAMO) CAMO ACCT 3XX (3)
College of New Caledonia (CNC) CNC ACC 2XX (3)
College of the Rockies (COTR) COTR ACCT 2XX (3)
Fairleigh Dickinson University (FDU) FDU ACCT 1XXX (3)
Kwantlen Polytechnic University (KPU) No credit
LaSalle College Vancouver (LCV) LCV BUS 2XX (3)
Thompson Rivers University (TRU) TRU ACCT 3XXX (3)
University Canada West (UCW) UCW ACCT 3XX (3)
University of Northern BC (UNBC) No credit
University of the Fraser Valley (UFV) UFV BUS 3XX (3)
Yorkville University (YVU) YVU BUSIE XXX (3)

Course Offerings

Summer 2024

CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
24428
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Wong
Instructor First Name
Richard
Course Status
Waitlist
Section Notes

ACCT 3570 090 - This is an online asynchronous course. The course will take place online and will be guided, self-paced learning with set deadlines.

Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
17
Days
Building
Room
Time
Building
Online
Room
ONLINE
-