Taxation (TAXX) 301

Taxation I (Revision 27)


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Delivery Mode: Individualized study online

Credits: 3

Area of Study: Applied Studies
(Business and Administrative Studies)

Prerequisite: ACCT 253 or equivalent introductory financial accounting course.

Centre: Faculty of Business

TAXX 301 is not available for challenge.

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TAXX 301: Taxation I is a three-credit, senior-level course at Athabasca University.

The primary emphasis in this course is the determination of Net Income For Tax Purposes. The course gives detailed attention to the components that make up this figure, including employment income, business and property income, and capital gains. Detailed attention is given to both the Taxable Income of individuals and Tax Payable for individuals.

While limited attention will be given to provincial income tax procedures, this course is largely concerned with federal income tax legislation.

The prerequisite for this course is Accounting 253: Introductory Financial Accounting, or an equivalent introductory financial accounting course from another college or university.


The course consists of the following.

  • Lesson 1: Basic Income Taxation Concepts
  • Lesson 2: Procedures and Administration
  • Lesson 3: Employment Income
  • Lesson 4: Taxable Income and Tax Payable for Individuals
  • Lesson 5: Capital Cost Allowances and Cumulative Eligible Capital
  • Lesson 6: Income or Loss from a Business
  • Lesson 7: Income from Property
  • Lesson 8: Capital Gains and Capital Losses
  • Lesson 9: Other Income, Other Deductions, and Other Issues
  • Lesson 10: Retirement Savings
  • Lesson 11: Taxable Income and Tax Payable for Individuals Revisited


Your final grade in TAXX 301 will be based on two written assignments, a Midterm Examination, and a Final Examination.

To receive credit for this course, you must achieve an overall course grade of at least “D” (50 percent). In addition, you must

  • achieve a grade of at least 50 percent on the Midterm Examination, and
  • achieve a grade of at least 50 percent on the Final Examination.

Completion of the assignments is not required in order to receive credit for the course.

The following table summarizes the weights that will be applied to each assignment and examination in determining your final grade.

Assignment 1 Assignment 2 Midterm Exam Final Exam Total
5% 5% 45% 45% 100%

Note: Students planning to transfer this course to a Chartered Professional Accountant designation are advised that they will be required to achieve a grade higher than the minimum passing grade. See CPA Requirements for details.

The examinations for this course will be written in the traditional pen and paper format. To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Course Materials

Registration in this course includes a print textbook and study guide.


Byrd, C., & Chen, I. (2017. Canadian Tax Principles—2016/2017 Edition. Volume I, Volume II, and Study Guide. Toronto: Pearson Education.  ISBN: 9780134568393

Other Materials

All other materials will be available to students online.

The course materials for this course are shipped as a shrink-wrapped package. If the shrink wrap is broken, the materials are not returnable.

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 27, November 10, 2016.

View previous syllabus

Updated November 14 2016 by Student & Academic Services