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What will you learn about?

Forms of Business and Taxation Considerations  

  • Forms of Business Entities  
  • Directors’ and Officers’ Responsibilities
  • Business Income and Expenses for Tax Purposes  
  • Corporate Income Tax  
  • Main Considerations in Tax Planning  
  • The Business and Its Employees   

Financial Analysis and Planning for Businesses  

  • Corporations – Creation, Organization and Shareholders’ Rights 
  • Buy and Sell Provisions and Business Valuation Basics  
  • Financial Statements  
  • Financial Analysis and Business Planning 
  • Risk Analysis and Corporate Governance  
  • Bankruptcies and Financial Reorganizations

What is the course syllabus?

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Chapter 1 - Forms of Business Entities

Topics covered in this chapter are:

  • Sole Proprietorship
  • Partnership
  • Corporations

Chapter 2 - Directors’ and Officers’ Responsibilities

Topics covered in this chapter are:

  • Directors’ Powers
  • Directors’ Liability
  • Means of Defence
  • Duties and Responsibilities of Other Senior Officers
  • Taking Facts and Circumstances Into Account

Chapter 3 - Business Income and Expenses for Tax Purposes

Topics covered in this chapter are:

  • Business Income, Property Income and Capital Gains
  • Taxation Year
  • Calculating Gross Profit
  • Allowable Expenses
  • Capital Cost Allowance
  • Quebec Sales Tax (QST) and Goods and Services Tax (GST)

Chapter 4 - Corporate Income Tax

Topics covered in this chapter are:

  • Types of Corporations and Income
  • Calculating Taxable Income
  • Calculating Federal Income Tax Payable
  • Refundable Portion of Part I Income Tax
  • Part IV Income Tax on Dividends Received
  • Dividend Refund
  • Quebec Income Tax

Chapter 5 - Main Considerations in Tax Planning

Topics covered in this chapter are:

  • Remuneration of Shareholder Officers
  • $750,000 Capital Gains Exemption
  • Using a Holding Company
  • Income Tax Credits and Other Tax Benefits
  • Anti-Avoidance Rules

Chapter 6 - The Business And Its Employees

Topics covered in this chapter are:

  • Employers’ Responsibilities
  • Taxable Benefits
  • Payroll Deductions and Employer Contributions
  • Labour Law
  • Tax Credits and Other Job Creation and Training Measures

Chapter 7 - Corporations — Creation, Organization and Shareholders’ Rights

Topics covered in this chapter are:

  • Forming a Corporation
  • Shareholders’ Basic Rights
  • Characteristics of Preferred Shares
  • Shareholder Agreements
  • Advantages and Disadvantages of Financing by Share Issues

Chapter 8 – Buy and Sell Provisions and Business Valuation Basics

Topics covered in this chapter are:

  • The Main Buy and Sell Clauses
  • Valuating Shares
  • Other Clauses
  • Financing Share Buybacks and Redemptions
  • Tax Implications

Chapter 9 - Financial Statements

Topics covered in this chapter are:

  • Accounting Principles
  • Balance Sheet
  • Combined Statement of Income and Retained Earnings
  • Cash Flow Statement
  • Notes
  • Financial Statement Limitations
  • Financial Statement Reliability

Chapter 10 - Financial Analysis and Business Planning

Topics covered in this chapter are:

  • The Use of Ratios in Planning
  • Effective Planning
  • Succession Planning

Chapter 11 - Risk Analysis and Corporate Governance

Topics covered in this chapter are:

  • Risk Factors
  • Warning Signs
  • Causes of Difficulties
  • Evaluating Management Plans

Chapter 12 - Bankruptcies and Financial Reorganizations

Topics covered in this chapter are:

  • Effects of Bankruptcy
  • Allocation of Property Among Creditors
  • Financial Reorganizations
  • Rights and Duties of Secured Creditors

How will you learn?

CSI’s online learning system helps you meet your study goals. You’ll benefit from:

  • Textbook readings available in PDF and printed format
  • Learning objectives that keep you focused
  • End of chapter activities including review questions to help you reinforce your learning and identify topics that may need to be revisited during exam preparation
  • Two self-assessments and practice questions so that you can assess your progress
  • Online assistance from CSI’s academic support specialists.