ADMS 4562 Study Guide - Summer 2018, Comprehensive Midterm Notes - Canada, Accounting, Software Release Life Cycle
11 Oct 2018
School
Department
Course
Professor
ADMS 4562
MIDTERM EXAM
STUDY GUIDE
Fall 2018
4562 Outline Page 1 of 13
School of Administrative Studies
Faculty of Liberal Arts and Professional Studies
CORPORATE TAXATION IN CANADA
ADMS 4562
COURSE OUTLINE FOR ALL SECTIONS
SUMMER 2017
LAST UPDATED MARCH 31, 2017
1 Contact Information – Course Director
Jason Fleming
Email: jfleming@yorku.ca
Section A
Wednesday 4 to 7pm, HNE 030
Section B
Thursday 4 to 7pm, HNE 033
Section C
Thursday 7 to 10pm, HNE 033
Income Tax Law Course Coordinator: Joanne Magee ([email protected])
If you have questions, please ask or email your course director. But before you do
that, please try to look the answer up for yourself. Because tax law is constantly
changing and is very complex, one of the many skills needed for a career in
taxation (or any accounting discipline) is the ability to do research. So for
questions related to the content of the course, please try looking for answers to
your questions in the lecture notes or the textbook first. For administrative
questions please try looking for answers in this course outline first. The course
materials provide you with answers to most of the frequently asked questions.
2 Course Description
Together with ADMS 4561, introduces students to the principles and practice of
Canadian taxation and related tax planning. Enables students to achieve a basic
understanding of the Canadian Income Tax Act and its GST implications in
relation to corporations, partnerships and trusts.
PREREQUISITES
1) For students in an Honours program, 78 credits including ADMS 3520; 2) or
for other students, a grade of C+ or better in the above-listed course.
Students who have taken a course that is similar to ADMS 3520 and would like to
know whether they meet the prerequisite requirement must contact the Tax
ADMS 4561 in a prior term also meet the prerequisite.
find more resources at oneclass.com
find more resources at oneclass.com
4562 Outline Page 2 of 13
Students not meeting the prerequisite requirement will be dropped from the
course. You must resolve your prerequisite situation (by contacting Joanne
Magee) before May 29, 2017 (i.e., the last day to enrol with permission).
3 Learning Outcomes
Building on ADMS 3520, this course has been designed to help students achieve
the following learning objectives:
1. To understand the policy objectives and legislative intent of the technical rules
in the Income Tax Act as they apply to Canadian business activities and
corporations.
2. To understand what is involved in tax research (reading and interpreting the
technical rules in the Act, taking into consideration judicial decisions and Canada
Revenue Agency (CRA) pronouncements).
3. To apply Canadian income tax law and related planning concepts in complex
problem and case settings.
How to Do Well in ADMS 4562
The only way to do well in this course is to put significant time and effort into the course.
To do well in ADMS 4562 you should spend at least six hours a week on the course
(in addition to time spent attending lectures).
Each week, starting in week 1, you should:
1) spend 6 hours per week preparing for class. i.e., read the lecture notes and do the
problem set problems. Always attempt all practice problems yourself before you look at
the solution. Doing practice problems is the best way to learn;
2) attend all of each class and pay attention all class. Turn off and put away your
electronic devices and focus; and
3) do the assignments and study for the exams by re-reading the lecture notes and re-
doing all practice problems. (Redoing practice problems will help you remember the
complex tax rules that we cover).
4 Course Website
Students can access lecture notes and other important course information on the
ADMS 4562 course website. Our course website must be accessed using Moodle
at: https://moodle.yorku.ca
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Income tax law course coordinator: joanne magee (jmagee@yorku. ca) If you have questions, please ask or email your course director. But before you do that, please try to look the answer up for yourself. Because tax law is constantly changing and is very complex, one of the many skills needed for a career in taxation (or any accounting discipline) is the ability to do research. So for questions related to the content of the course, please try looking for answers to your questions in the lecture notes or the textbook first. For administrative questions please try looking for answers in this course outline first. The course materials provide you with answers to most of the frequently asked questions. Together with adms 4561, introduces students to the principles and practice of. Enables students to achieve a basic understanding of the canadian income tax act and its gst implications in relation to corporations, partnerships and trusts.
