Fleming College

Taxation II

Course Code: FINA002

This course builds on the knowledge base obtained in Taxation 1 to enable you to complete a T1 General Tax Return for individuals earning business, property, and capital income. You will calculate income taxes payable and through situational analysis determine which income tax credits an individual is entitled to deduct from taxes payable. Gain a foundational understanding of income earned through a corporation to complete a T2 Corporate Tax Return. Critique the tax planning opportunities of earning income through a corporate entity or as an individual.