AFM 361 Chapter Notes - Chapter 1: Transit Pass, Regressive Tax, Dividend Tax

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM 361
• Professor: Kevin Markle

Document Summary

1,035: classification of taxes: basis of the tax, head tax - a tax on the existence of a particular type of taxpayer such as a tax of. The rates to be applied to the base. Other selective measures: the nature of the six characteristics determines how much revenue is produced by the tax system, as well as the equity of the system and its ability to promote growth. 1,180 areas of practice and the role of the professional accountant. 1,185 why study taxation: taxation influences the economy and the amount that individuals earn, spend, and save. 1,190 the practice of taxation - there are essentially four extensive areas of practice: compliance - includes the preparation and review of personal and corporate tax returns, forms, and other documents with provincial and federal taxation authorities. To achieve effective tax planning in the decision-making process, it is necessary to examine and integrate all business or investment factors.