Corporate Income Taxation (LAW310H1S)

This course covers the tax law framework behind the organization, acquisition, merger, division, of business entities in Canada, 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, various corporate reorganization provisions. The focus will be on providing the requisite foundation to understanding the tax implications behind structuring simple and complex business transactions under Canadian law.