Corporate Income Tax (LAW310H1S)

In Canada, most business activity is carried on through corporations. This course provides an essential overview of the taxation of corporations and their shareholders under the Canadian Income Tax Act. The course examines the manner in which an individual can transfer the assets of an unincorporated business to a corporation in a tax-efficient manner and then considers various aspects of corporate taxation, including: the distinction between debt and equity; the taxation of corporate distributions, including anti-avoidance rules; special rules applicable to small business corporations; and the rules governing corporate reorganizations.