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IAF 320 Income Tax

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Income tax (IR) is a tax on the revenue collected by individuals in a fiscal year. It mainly concerns salaries, pensions, unemployment benefits, financial and real estate income. All of these fees constitute net taxable income, based on which the tax is calculated after a deduction of 10% for professional expenses and any deductible charges or tax breaks (retirement savings, alimony, etc.). The IR tax rate is progressive and follows a scale whose thresholds are updated each year by the finance law. Unlike other tax systems, income tax in France considers the family situation via the family quotient.

This IAF 320 Income Tax course describes the taxation of personal and corporate income of Canadian taxpayers and related tax planning and the implications of a goods and services tax. It details federal income tax laws in relation to income earned by individuals from work, business and property. Study the application of the law and its impact and tax planning and other practical issues. Explore the legal interpretation of tax law through practical tasks and case studies.

The main purpose of this IAF 320 Income Tax course is to give you an overview of Income Tax Law and its application. This is achieved by using the law to practical problems and affairs. Topics covered include tax administration, residence, employment income, business and property income, capital gains, other income and deductions, taxable income, and personal tax payable calculation.

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Some of the relevant courses are as shown below, in which professionals of ExpertsMinds precisely deal with:

  • IAF 320 Income Tax Assignment Help
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