ADMS 4562 Study Guide - Comprehensive Final Exam Guide - Canada, Accounting, Software Release Life Cycle

• School: York University
• Department: Administrative Studies
• Course: ADMS 4562
• Professor: Joanne Magee

Document Summary

3520 lecture 1: canadian tax principles (ctp) selected parts of chapters 1 and 2 (see references below, recommended problems, ch. 1: exercises one-1, 3, 4, 6 and self-study problem one-1: ch. 1: any tax system has a, base (what to tax); taxpayer or unit of taxation (who to tax); and rate (how much to tax). 2-15 pension corporations (including rpps, rrsps, deferred profit sharing plans and registered retirement income funds) Federal taxation & the provinces personal income taxes: before 2000, only quebec had different rules for personal taxes and a separate return. The other provinces charged their personal income tax based on a % of federal taxes: now the federal government still collects personal income taxes for provinces other than. Quebec but the provinces have their own tax rates: there are few significant differences so far. For example, ontario uses the graduated rates and tax credits similar to what was used before.