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. We 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, tax administration and dispute resolution, and judicial and statutory responses to tax avoidance. We will canvass the taxation of key sources of income and losses including those from employment, business or property, and dispositions of capital property. The course aims to introduce the legislative, judicial and administrative aspects of Canada’s income tax system and to equip students for further studies in taxation and business law.