Canadian Tax Principles, 2024-2025 Edition + Volume 1 and Volume 2 + Study Guide + Access Card (Package)

Donell, Gary, Byrd, Clarence, Chen, Ida

ISBN 10: 0135329434 / ISBN 13: 9780135329436

Edité par Pearson Canada, 2024

A propos de cet article

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Détails bibliographiques

• Titre: Canadian Tax Principles, 2024-2025 Edition + Volume 1 and Volume 2 + Study Guide + Access Card (Package)
• Éditeur: Pearson Canada
• Date de parution: 2024
• Langue: anglais
• ISBN à 10 chiffres: 0135329434
• ISBN à 13 chiffres: 9780135329436
• Reliure: paperback
• État de l'article: New
• Type de livre: book

A propos de ce titre

Synopsis

For courses in taxation.

Consistent with the title of this textbook, our objective is to instill a solid understanding of the basics of income tax and GST/HST through an appreciation of the tax principles, concepts, and unique vocabulary that make up the framework upon which the Canadian tax system has been built. This level of understanding is not solely directed at a theoretical or academic level; considerable emphasis is placed on practical everyday situations in preparation for careers where an understanding of tax in some form will be helpful at a minimum and essential at best.

The textbook will provide you with the elementary tools necessary to develop an awareness to help identify, analyze, and apply the tax law to a wide range of subjects ranging from determining the income tax liability or refund of individuals earning employment income, carrying on a business, earning investment income, identifying potential income tax benefits directed at students, investing in Tax-Free Savings Accounts (TFSAs), and understanding how the income tax law applies to corporations, trusts, and partnerships.

À propos de l?auteur

Gary Donell

I began working with the C.A. firm of Thorne Riddell in Montreal in the early 1980s. A few years later I made the move to Ottawa to begin my career with Revenue Canada, now the CRA. I spent 30 years at the CRA, retiring in 2015. In my early years with the CRA I was an income tax auditor and was anxious to move on to other pursuits within the CRA, of which there were many. In preparation I read every income tax-related publication and textbook I could get my hands on, including legal books on statutory interpretation and the transcripts of every income tax court decision. While vacation and beach goers were reading the latest New York Times bestseller I was reading from the latest tax conference report and tax journals.

Eventually it all paid off when an opportunity arose to teach introductory income tax to CRA auditors in the late 1980s. I jumped on the opportunity and taught for a couple of years before applying for a job with the Income Tax Rulings Directorate of the CRA in Ottawa. The Rulings Directorate is responsible for income tax interpretations and, at the time, technically reviewing every form, publication, and tax guide published. I spent 10 years at Rulings and learned a lot, but the teaching and education bug wouldn’t let go of me after all those years. I returned to the training and education division of the CRA halfway through my career, where I spent the next 15 years teaching thousands of CRA auditors and writing a dozen or so courses on a wide range of income tax topics from an introductory to advanced level.

Shortly after retiring from the CRA I went to work as a consultant with Welch LLP in Ottawa where I spent the next five years dealing with practical, everyday client issues, which was very rewarding thanks to then tax partner, Don Scott, and the many amazing people I had a chance to work with. I participated in in-house training and was involved in the writing of the annual CPA income tax update course, which Welch had been writing for many years. I also spent those same years teaching a dozen or so advanced tax courses for CPA Ontario.

To come full circle, my journey with Clarence Byrd and Ida Chen began in the early 1990s while working for CRA Rulings. I had just picked up the latest edition of the textbook (the 1991–1992 version, I believe) and had contacted them after finding a few errors. Clarence reached out, and the rest is history. I acted as the technical consultant for Clarence for the next 28 years. Today I sit back thinking to myself that I have been indirectly preparing for this lead author role the better part of my life. I have amassed private sector experience working with accounting firms, CRA insider experience, course writing experience, and 20 years of teaching experience on top of it all. This wealth of different experience gives me a unique perspective that has allowed me to shape introductory income tax education. Income tax is ripe for the picking these days as opportunities abound both within the CRA and in the private sector. Unfortunately, many students choose to stay clear of income tax, believing it too difficult a subject. I can attest to the fact that the basic concepts and principles are not all that difficult to understand when properly and gradually presented. You will find that income tax is not only interesting but enlightening in terms of just about every aspect of Canadian life. Armed with a solid understanding of income tax principles you may find yourself joining the ranks of tax specialists one day, but in the meantime this textbook will provide you with a solid foundation that you can build on should you so choose.