Title overview
Written in an accessible style, this text assumes that the student has no previous education in taxation. Byrd & Chen's Canadian Tax Principles, 2021-2022 Edition, can be used with or without other source materials (this includes the Income Tax Act, Income Tax Folios, and other official materials). The Income Tax Act is referenced in the text where appropriate for further independent study. Students should be able to solve all of the end-of-chapter material by relying solely on the text as a reference. The text and problem materials are comprehensive of the syllabus requirements of the Canadian professional accounting bodies.
The 2021-2022 Edition of Byrd & Chen's Canadian Tax Principles is available with MyLab Accounting.
The 2021-2022 Edition of Byrd & Chen's Canadian Tax Principles is available with MyLab Accounting.
Pearson eText. This eText gives you access to the text whenever and wherever you have access to the Internet, through various devices. It contains the content of both volumes of the text and the Study Guide. The eText pages look exactly like the printed text and offer powerful functionality. You can create notes, highlight text in different colours, create bookmarks, zoom, and search.
Data Analytics Project. With this new assignable project, students analyze a comprehensive data set and make a series of accounting decisions. This assignment is designed to prepare students for the data analytics competencies that have been included in the most recent CPA Competency Map. Students will use Excel-based tools to assess data for accuracy, then organize and filter large quantities of information to make the data appropriate for income tax calculations. Students will then incorporate income tax concepts, including the calculation of Net Income, Taxable Income, and Tax Payable using the outputs of their data analysis in Excel. This assignment also includes data visualization and incorporates tax planning concepts for a business.
Self Study Problems. Self Study Problems are available on MyLab, with solutions in your Study Guide. In the textbook, we have marked the point within the text that you should work each Self Study Problem.
Supplementary Self Study Problems. Additional Self Study Problems for each chapter, along with their detailed solutions, are available for further practice in problem solving. These are separated out by chapter.
EY's Federal Income Tax Collection (FITAC). This comprehensive electronic tax research library contains the Income Tax Act, Income Tax Folios, and other official materials. In addition, it includes an electronic version of the Canadian Tax Principles text. Designed for reference purposes, this version provides electronic links from the text material to the various references contained in FITAC (e.g., the Income Tax Act).
Student Files
This MyLab will include the student files that have always been made available for students, including tax returns, practice examinations, PowerPoint presentations, updates, self-study problems, and more. In addition, students can access a Pearson eText along with valuable assessments and study tools to help students practise and understand key concepts from the text. Students can practice an expanded number of questions based on chapter content, watch videos highlighting core topics from the text, review key terms with glossary flashcards, and work on additional comprehensive assignments throughout the resource.
Table of contents
Volume I Chapter Listing
Chapter 1 Introduction to Federal Taxation in Canada
Chapter 2 Procedures and Administration
Chapter 3 Income or Loss from an Office or Employment
Chapter 4 Taxable Income and Tax Payable for Individuals
Chapter 5 Capital Cost Allowance
Chapter 6 Income or Loss from a Business
Chapter 7 Income or Loss from Property
Chapter 8 Capital Gains and Capital Losses
Chapter 9 Other Income and Deductions, and Other Issues
Chapter 10 Retirement Savings and Other Special Income Arrangements
Volume II Chapter Listing
Chapter 11 Taxable Income and Tax Payable for Individuals Revisited
Chapter 12 Taxable Income and Tax Payable for Corporations
Chapter 13 Taxation of Corporate Investment Income
Chapter 14 Other Issues in Corporate Taxation
Chapter 15 Corporate Taxation and Management Decisions
Chapter 16 Rollovers under Section 85
Chapter 17 Other Rollovers and Sale of an Incorporated Business
Chapter 18 Partnerships
Chapter 19 Trusts and Estate Planning
Chapter 20 International Issues in Taxation
Chapter 21 GST/HST
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