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CSI will be performing system maintenance on Saturday May 11th from 5 a.m. until 1 p.m. ET. You will not have access to your “myCSI” student account, nor will you be able to book, cancel or reschedule exams during this time. You can still access your online course materials by visiting connect.csi.ca then connecting to “Blackboard Learn”.

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.