In person: Lecture and/or Seminar: 1 X 3 hours per week OR 2 X 2hrs per week
or
Hybrid: minimum 50% in person and up to 50% online
or
Online: Synchronous and/or Asynchronous Lecture and/or Seminar
Lecture and/or seminar
All methods of instruction apply to in class, hybrid and/or online modes of learning.
- 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.
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.
Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy. An evaluation schedule is presented at the beginning of the course. Instructors may use a student’s record of attendance and/or level of active participation in the course as part of the student’s graded performance. Where this occurs, expectations and grade calculations regarding class attendance and participation will be clearly defined in the Instructor Course Outline.
| Assignment(s) and/or discussion posts 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.
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.
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.
ACCT 3370 with a minimum grade of C
None
None