LAW 504
Taxation Law
(Sommerfeldt)
Prerequisite courses: None
Prerequisite for: International Taxation (LAW 603) / Estate Planning (LAW 660) / Corporate Taxation (LAW 665)
Instructor(s): The Hon. Don R. Sommerfeldt, Retired Justice, Tax Court of Canada
Course credit: 3
Method of presentation: Lecture
Teamwork:
THE FOLLOWING DESCRIPTION IS FROM PROFESSOR SPRYSAK'S SECTION OF LAW504, AND WILL BE REPLACED WITH NEW DESCRIPTION WHEN AVAILABLE.
METHOD OF EVALUATION
10% Multiple Choice, True-False, and Matching Unit Quizzes
30% Fail-safe, Open-book Midterm Examination
60% Open-book Final Examination
COURSE DESCRIPTION
This is the first and most introductory income taxation course offered by the Faculty. Ideally, the course will be helpful to both students who wish to practice taxation law as well as to students who wish to practice in non-taxation law areas such as: corporate/commercial, employment, family, wills and estates, real estate, trusts, etc. and want to know some of the more common income tax issues that will likely arise in their practice.
Topics to be discussed may include:
An Overview of Income Taxation Law in Canada
Who Is Subject to Tax
A Brief Overview of the Taxation of Corporations and Trusts
The Mechanics of Income Taxation
The Taxation of Employment Income, Business and Property Income, and Capital Gains and Losses, and
The Administration of Income Tax Law
No prior knowledge or experience in taxation, accounting, business, economics, etc. is required to take and excel in this course. Some basic mathematical calculations will be required and will be demonstrated and practiced in class.
SPECIAL COMMENTS
Description updated 2025-26. Please contact the instructor for any specific questions you may have related to this particular course section.
REQUIRED TEXTS (IF ANY)
No texts are required.