AREC 254

Provides an introduction to federal and provincial income tax as it relates to the agriculture sector. The course stresses the terms, concepts and fundamental principles of income taxation. While tax form preparation will be reviewed, tax concepts, compliance issues and tax planning will be emphasized. The course is designed to expose students to tax laws and how they affect individual decisions and how the taxpayer is/can be integrated with different business organization structures that may be utilized in the agriculture industry.