Business and Property Taxation

This module provides an in-depth examination of how business and property income is defined, calculated, and taxed under Canadian income tax legislation. Learners will explore the distinctions between active business income and income from property, including rental, interest, dividend, and royalty streams. The module covers core concepts such as reasonable expectation of profit (REOP), deductibility of expenses, capital vs. income treatment, and the integration mechanism. It also delves into anti-avoidance provisions, including personal services business rules and specified investment business limitations. Through applied case studies and multiple-choice scenarios, learners will gain practical skills in classifying income sources, identifying audit triggers, and advising clients on tax-efficient structuring of income-generating activities. This module lays the groundwork for accurate tax reporting and planning involving business operations and investment portfolios alike.