LAW 504 - Taxation

3 units (fi 6)(EITHER, 3-0-0)

An introductory course on Canadian income taxation law. It will include a discussion of important tax policies/principles, who is subject to tax, the five sources of income that are subject to income tax, the mechanics of calculating taxable income and taxes payable, the general compliance obligations of individual taxpayers, tax jurisprudence and the dispute resolution process, strategic tax planning, and common tax issues that arise in a non-tax law practice. This course will serve as a stand-alone course for students not wishing to focus on taxation law as well as the prerequisite for students wishing to take further taxation courses offered by the Faculty.

LAW 550 - Accounting for Lawyers

3 units (fi 6)(EITHER, 3-0-0)

The general objective of this course is to provide students with some basic accounting theory, practical knowledge, and skills that will be helpful to them in their legal practice. It is focused on three main areas: accounting for one's legal practice, complying with the Law Society of Alberta's Trust Accounting Rules, and analyzing financial statements and other financial information. This course is designed for law students without a background in accounting.