Corporate Income Tax (LAW310H1S)

In Canada, most business activity is carried on through corporations. This course equips students with a basic working knowledge of the core corporate tax provisions in Canada’s Income Tax Act while also engaging with the underlying policy framework. The course examines how domestic corporations and their shareholders are taxed in Canada with particular attention to the following topics:  the key conceptual attributes underlying the corporate tax system, the system of integrating corporate- and shareholder-level taxes, the mechanics of transferring assets of an unincorporated business to a corporation, the implications of various types of corporate distributions, the application of specific anti-avoidance rules, the taxation of small business corporations, and the role played by certain corporate reorganization provisions.