Corporate Tax (Lavitt/Torbiak)
This course introduces the student, to the complex issues involved with the taxation of the income of corporations and their shareholders, and partnerships. A strong emphasis is placed on developing the skills necessary to interpret and apply complex legislation. Students also learn the basics of how to use their knowledge to help develop tax plans for their clients.
Virtually all practitioners will be faced by clients carrying on business in corporate or partnership form. One cannot carry out corporate or partnership transactions without an awareness of the impact of tax on the corporate or partnership form. Similarly, an understanding of corporate taxation is necessary to provide complete advice to family law clients or in structuring settlement agreements and understanding complex fact scenarios as a labour, employment, or civil litigation practitioner.
The course is essential for those who wish to have a relatively complete overview of the tax system, which in turn is highly desirable for those who will practice in any of the aforementioned fields of law.
It is strongly recommended that students achieve a grade of B or greater in Introduction to Taxation or in Introduction to Corporations (or any past or future coefficients) before registering for this course.