• Publication Date: January 9, 2012
  • ISBN: Print (Paperback): 9781552212356
  • ISBN: Digital (PDF): 9781552212363
  • 746 pages; 6" x 9"
Filed Under: Taxation

Income Tax Law, 2/e


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Product Description

The long-awaited second edition of Income Tax Law is a comprehensive, up-to-date treatise on income tax law in Canada. The book introduces students and practitioners to income tax law in its broadest dimensions. It addresses the subject matter based on principles, policy, and practice. The objective is to explain what the law is and, more importantly, why it is the way it is, and how it works (or does not).

 It examines the policy, structural, constitutional, and judicial framework of income tax law, addressing the following questions: who is taxable?; what is taxable?; how much tax is payable?; when is tax payable?; and how do we administer the system and resolve disputes with the tax collector? The book contains clear explanations of complex principles and formulae, a bibliography, a glossary, and appendices setting out tax rates and measurement of income.

 Students of tax law will find this book indispensable. Legal practitioners in business law and litigators will also find it useful in drafting pleadings and assessing damages when considering tax issues in civil litigation. Finally, accountants, business executives, and other professionals will find the book helpful in navigating the murky waters of income tax.

 The book includes, in an epilogue, an analysis of the December 2011 Supreme Court of Canada decision in Copthorne Holdings Ltd v Canada.

PART I: Introduction

Chapter 1: An Overview of Tax Law and Concepts

Chapter 2: Statutory Interpretation

PART II : Who Is Taxable?

Chapter 3: Tax Nexus

Chapter 4: The Meaning of Income

PART III : What Is Taxable?

Chapter 5: Whose Income Is It?

Chapter 6: Office and Employment Income

Chapter 7: Business and Property Income

Chapter 8: Business and Property Deductions

Chapter 9: Capital Gains and Losses

Chapter 10: Other Income and Deductions

Chapter 11: Damages

Chapter 12: From Net Income to Taxable Income

PART IV: How Much Tax?

Chapter 13: Computation of Tax: Individuals

Chapter 14: Computation of Tax: Corporations

Chapter 15: Tax Credits

PART V: Corporations

Chapter 16: Basic Principles

Chapter 17: Corporate Business Income

Chapter 18: Corporate Investment Income

PART VI: Tax Avoidance

Chapter 19: General Anti‑Avoidance Rule

PART VII : Administrative Processes

Chapter 20: Filings, Assessments and Related Issues

PART VIII : Judicial Process

Chapter 21: Objections and Appeals


PART IX: Appendices

Appendix A: The Time Value of Money

Appendix B: Tax Rates

Appendix C: Measurement of Income

Appendix D: Free Internet Resources


Table of Cases


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