Overview

This program is designed to provide the student with an opportunity to obtain a Recognition of Achievement in Taxation.  The program adds an advanced tax specialization to students' strong knowledge of accounting providing them with credentials valued by employers.  Graduates will be prepared for careers in small, medium and self-employed businesses.

Information Session

New students are invited to attend an information session.

Entry Requirements

Individuals who enter the program are expected to have an Ontario post-secondary Accounting certificate, diploma or degree or currently completing any of these.  Also, individuals should have basic computer skills.


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Curriculum

ACC406
Commodity Tax - GST/HST
Availability
 

Prerequisite(s):

ACC120

The purpose of this course is to provide accounting students, tax professionals with no knowledge of GST/HST and business owners with a good working knowledge of GST/HST including the completion of GST/HST returns.




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ACC540
Personal Taxation
Availability
 

Prerequisite(s):

ACC517 Intermediate Accounting II and a working knowledge of microcomputers.

The purpose of this course is to provide Accounting and Finance students with a good working knowledge of the current provisions of the Canadian Income Tax Act as it applies to individuals including tax planning.




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ACC642
Corporate Taxation
Availability
 

Prerequisite(s):

ACC540 - Personal Taxation

Taxation II is the second part of two courses in taxation for Accounting and Finance students. The aim of the course is to provide students with a good working knowledge of the current provisions of the Canadian Income Tax Act as it applies to corporations and individuals. Emphasis is placed on the concepts underlying these provisions rather than on the computations required to implement them, although such computations are reviewed in the context of the Federal T2 Tax Return.




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ACC643
Personal and Corporate Tax Software Applications
Availability
 

Prerequisite(s): ACC540 and ACC642

This course provides individuals with the practical knowledge to complete T1 and T2 returns using various levels of complexity.




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Program Outcomes

Upon completion of the certificate, you will be prepared to reliably demonstrate the ability to:

  • Determine when businesses should or should not register for GST/HST and understand the various classifications applied to businesses
  • Apply the relevant rules in the administration of GST/HST for Ontario businesses, including filing requirements and the assessment, objections and appeals processes
  • Calculate input tax credits(ITCs) and HST/GST payable
  • Prepare GST/HST returns for Ontario business
  • Determine income and tax liability of individuals, Identify and explain issues arising from the submission of individual income tax returns, discuss and answer questions relating to tax planning for individuals
  • Identify and classify the different types of income of a corporation
  • Determine the tax payable by corporations
  • Discuss and answer questions relating to tax planning for individuals and corporations
  • Prepare T1 returns using CANTAX software for individuals and sole proprietors
  • Prepare T2 returns using CANTAX software for corporations

Completion

Recognition of Achievement

Upon successful completion of the program requirements, please submit a Request for Recognition of Achievement Form to the Faculty of Continuing Education and Training. There is no cost for this and your Recognition of Achievement will be mailed to you.

Program Contacts

Contact us via this form or using the phone number(s) below it.





Terry Wood
Program Assistant

416-491-5050 ext.22501


Cynthia Duncan
Program Coordinator

416-491-5050 ext.22527


Information Session

New students are invited to attend an information session.