Foundations of Tax - Module 1
In this module, the complex and ever-changing world of Canadian taxes is introduced. Students learn about the history and evolution of taxes in Canada. An overview is provided of the conceptual underpinnings of the Canadian tax code, the most common taxes and tax forms, and how recent tax law changes have affected tax rates and tax brackets by province. In this course, students learn about income tax, payroll tax, tax on wages, and tax on investments. The module concludes with an applied learning case study.
Estimated Completion Time: 1 hour
Featured Resources:
Articles/Books
- "Major Changes to Canada's Federal Personal Income Tax" by Fraiser Institute
- "Principles of Good Taxation" by Future Learn
- Canadian Tax System Worksheet
- "Federal & Provincial Tax Brackets in Canada for 2024" by Enoch Omolou
- "Renouncing Your US Citizenship: Is Divorcing Uncle Sam Right For You?" by Alexander Marino
- CRA Guidelines on determining an individual's residence status
- Instalment Payment Calculation Options
- CRA Forms & Publications
- CRA Payroll Deduction Table
- CRA Schedule 3
- Access your courses anytime, anywhere, with a computer, tablet or smartphone
- Videos, quizzes and interactive content designed for a proven learning experience
- Unlimited access. Take your courses at your time and pace
- This program is designed to take 1-2 months with approximately 10-15 hours per week of study. If you put in more hours per week, you will finish sooner than the predicted 1-2 months
