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Income Tax 1

Course Code: ACCT 3370
Faculty: Commerce & Business Administration
Department: Accounting
Credits: 3.0
Semester: 15 weeks X 4 Hrs. per week = 60 Hrs.
Learning Format: Lecture, Online, Hybrid
Typically Offered: Fall, Summer, Winter
course overview

This course covers the fundamental principles and concepts of Canadian federal income tax legislation as it applies to individuals. 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. The Canadian Tax System
  2. Income or Loss from an Office or Employment
  3. Taxable Income and Tax Payable for Individuals
  4. Capital Cost Allowances and Cumulative Eligible Capital
  5. Income or Loss from a Business
  6. Income from Property
  7. Capital Gains and Losses
  8. Other Income, Other Deductions, and Income Attribution
  9. Retirement Savings and Other Special Income Arrangements
  10. Procedures and administration as they apply to individuals
  11. Use of Tax Return Software


Methods of Instruction

Class Lecture &/or on-line, demonstration and discussion. 

Means of Assessment

Assignments &/or Tests   20%
Tax Return Software Assignments   10%
Midterm Examination  30%
Final Examination  40%


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 quizzes, in-class tests, midterm exam(s) and the final exam.

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;

2. Demonstrate knowledge of special topics pertaining to individual taxation;

3. Understand the structure of the Income Tax Act;

4. Demonstrate how to obtain tax information to solve issues with regard to personal taxation.

5. Demonstrate the use of tax return software for individual tax returns.

course prerequisites

ACCT 1210 with a minimum grade of C OR
ACCT 1235 with a minimum grade of C OR
ACCT 3008 with a minimum grade of C OR
crrently active in the PDD Accounting 


Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses


Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

curriculum 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 schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.


If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.