Taxation (Part 2) Online - CMA Accelerated Program For Members

July 05 2012

Taxation (Part 2) Online - CMA Accelerated Program For Members logo

Taxation (Part 2) Online - CMA Accelerated Program For Members

Overview

The Taxation module is divided into two parts; sessions one and two in one part, and sessions three, four, and five will be held in part two.  The purpose of the break between sessions is to allow you extra time to absorb the material and complete the heavy list of reading.

Objectives
The purpose of these sessions is to assist you in developing the requisite competencies to complete the Taxation component of the National Entrance Exam. Accordingly, the learning objectives are to:

• Develop a clear understanding of the Canadian tax system;
• Be able to apply detailed knowledge of residency, bonus arrangements, and employer-supplied automobiles, stock options, and loans to employees;
• Be able to compute net come from property, calculate maximum CCA claim for a taxation year, calculate recaptured CCA and terminal losses, apply the rules of eligible capital property, calculate taxable capital gains for the year, and apply replacement property rules for involuntary and voluntary dispositions;
• Be able to apply detailed knowledge of non-arm’s length transfers; income attribution rules; RRSP, DPSP, and RPP contributions/deductions;  loss carry-backs and carry-forwards; 
• Be able to calculate GST liability; and
• Be able to apply detailed knowledge of conversion from GAAP net income to net income for tax purposes; computation of corporate taxable income and SBD; refundable taxes.

The Sessions
The Taxation sessions are intensive and require a significant commitment to complete.  Sessions include readings, pretests, problems, post reviews, and comprehensive reviews.  Each session may require an additional 15 to 25 hours to complete the related material.

You are encouraged to actively participate in the sessions. Your participation provides feedback for the preparation of subsequent sessions to benefit you and the Program.

Readings
Readings are to be read prior to the sessions to prepare students at the knowledge skill level.  The sessions concentrate on the comprehension and application skill levels.

Pretests, Post-Tests and Post-reviews
Sessions may use pretests or post-tests to assess knowledge level skills. Pretests are open-ended questions designed to assess students’ preliminary understanding of the session topic after completion of the assigned readings. A post-test is a short true-false or multiple choice quiz.  This will provide feedback on the students’ understanding of the session material. An overall eighty percent completion rate is required on the pretests/post-tests (combined) to pass the Accelerated Program. This requirement underscores the commitment required and the concentration on comprehension and application of the sessions. 

Sessions may use post-reviews to provide practice with multiple-choice questions and to provide feedback for students. These are accessible through the portal. Post-reviews also serve as practice tests prior to the Accelerated Program exams. Note that members taking the course as a refresher are not required to write the exam.

Problems
Students are assigned problems to complete in advance of each session, which are used to convert knowledge level skills to comprehension and application skill levels. These problems are listed in this outline, and can be found in the textbook at the end of each chapter under the heading “Problems for Self-Study”. Solutions can be found in the Study Guide, which is bundled with the required textbook.

Schedule
The session schedule given in this document informs students of the syllabus coverage, readings and problems to be prepared for each session. The chapter readings and the problems refer to the 2011 - 2012 edition of Byrd & Chen’s Canadian Tax Principles, published by Pearson and Prentice Hall, ISBN 0-13-284686-1. The schedule may be modified to suit the needs of the program.

Sessions 3-5

Part 2 Dates: July 5, 9 & 12.
Classes held online on Mondays and Thursdays from 6:15PM - 8:30PM
Click HERE to see the CMA Accelerated Program Distance Education Schedule for Taxation and other upcoming courses available to members!

Registration closes: June 28, 2012

Price: $100.00
It is not mandatory to take Taxation part 1 and 2, but it is highly recommended. If a member registers for both part 1 and 2, they can receive a $25.00 discount and get both session for a total of $150.00

Go to Taxation Part 1

Price: $100.00


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