ACC643 - Personal and Corporate Tax Software Applications

Outline info
Semester
School
Last revision date 2017-05-29 00:30:05.028
Last review date 2017-07-17 00:15:26.472


Subject Title
Personal and Corporate Tax Software Applications

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

Credit Status
One credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

Upon successful completion of this course, students will be able to:

  1. Prepare  T1 returns using CANTAX  software for individuals and sole proprietors
  2. Prepare T2 returns using CANTAX software for corporations

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
ACC540 and ACC642

Topic Outline

  • Overview of CANTAX
  • Net income for individuals and sole proprietors
  • Tax credits for individuals and sole proprietors
  • Taxable income for individuals and sole proprietors
  • Taxes payable
  • Net income for corporations
  • Tax credits for corporations
  • Taxable income for corporations

Mode of Instruction
In-class
Weekly labs for hands-on practice using cases

Prescribed Texts
Current CANTAX software

Reference Material
None

Required Supplies
None

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:

http:/senecacollege.ca/library

Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:

In-class

 
Term Test 1 40%
   
Comprehensive Problem 20%
Final Exam 40%




Approved by: Academic Program Manager - Business Studies Danielle Mercier