Canadian Income Tax Law (LAW284H1S)

Income taxes account for a large proportion of government revenues in Canada. This course examines the structure and function of the Income Tax Act and addresses a number of the social and economic policies implicit in its current form. Early lectures will focus on the purposes of taxation, the social and economic role of the income tax, the key structural features of Canada's income tax, the interpretation of tax legislation, and judicial and statutory responses to tax avoidance. The remainder of the course will canvass the taxation of different categories of economic gains and, including income and losses from office, employment, business and property, and capital gains and losses. The course aims to introduce the legislative, judicial and administrative aspects of Canadian income tax law.