AFM 362Corporate Taxation
- Units
- 0.50
- Faculty
- Arts
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 2 of the last 7 terms. Winter 2027: not on the schedule. Spring 2027: schedule not out yet.
This course examines the foundational concepts in the calculation of different sources of income and their taxation in Canadian corporations.
Prerequisites
- Complete all of the following
- Must have completed the following:
- AFM321 - Personal Financial Planning and Taxation (0.50)
- Students must be in level 3A or higher
- Complete 1 of the following
- Enrolled in H-Accounting & Financial Management, H-Computing & Financial Management, H-Mathematics/Chartered Professional Accountancy, H-Science & Financial Management, or H-Sustainability & Financial Management
- Enrolled in H-Biotechnology/Chartered Professional Accountancy
- Must have completed the following:
Antirequisites
None listed.
Leads to
Reviewed on UW Flow
61% liked it42% easy91% useful
From 46 ratings and 9 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.
Overall, I felt this course was very badly designed. Of the two lectures each week, one is for taking up homework (be sure to go since they don't post solutions), the other one is a waste of time. Instead of doing a lecture on content, they post a video lecture and answer questions. Then, to fill time they go over ChatGPT and article reviews which are useless. And the slides themselves are so bad. They also throw so much content at you it's impossible to understand everything so the exams have a huge in-built curve (you need around 75% of all marks to get 100 or something).
Aug 2025 · didn’t like it · 3 found this helpfulOn UW FlowRemove this
The fact that we had to write out every homework assessment was such an unnecessary pain. The Q&A setup is a nightmare, and we had a Prof switch halfway through.
Aug 2025 · didn’t like it · 2 found this helpfulOn UW FlowRemove this
This course is the first tax course that you will take. It gives you the foundation for future tax courses, so make sure you learn it well. It's not too hard and the marks are generally quite lenient knowing that this is your first time approaching this. Do lots of practice (not read textbook) and take good notes in class, debrief the solutions, and ask questions that you don't get. You should do well in this course.
May 2018 · didn’t like it · 1 found this helpfulOn UW FlowRemove this
There's a lot of free marks from handing in hwk problems (10%), course summary and news article (10%) and participation (10%). Tip for participation: they say that "saying 2 things per class warrants a good mark" but that's a lie. If you only say 2 things, that will only get you a 75% for participation.
The midterms are very doable (usually 80% average) but their marking scheme is bad. Basically you get your paper back with a lot of checkmarks (up to 64 checkmarks per big question). They add the checkmarks up, then multiply it by the "weight" of the question to get your mark. REAL EXAMPLE from my MT: Let's say you get 45 checkmarks out of 64 total checkmarks. If the question is worth 27…Dec 2017 · didn’t like it · 1 found this helpfulOn UW FlowRemove this
DO THE ASSIGNED QUESTIONS BEFORE CLASS. They literally go over the questions with you in class. If you've done tax on your previous co-op term, you'll be familiar with 80% of the concepts, they'll just be more formally introduced to you now. Tests sometimes includes specific concepts/questions that you would only know if you briefly read the textbook, so read it before exams.
Feb 2015 · liked it · 1 found this helpfulOn UW FlowRemove this
Discussed on r/uwaterloo
34 posts and comments in 31 threads mention AFM 362, March 2015 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.
Fall 2024
AFM 4b courses 2 points, 5 comments
u/Live-Orchid-4180: “What is the course average for AFM 491 and AFM 462? Is it easy to do get a decent grade in 4b? Is course average of these courses higher than AFM 391 and 362?”
Need helping finding the AFM362 textbook 1 point, 0 comments
AFM 3A Difficulty 6 points, 3 comments
“Hey guys i'm going into 3A in a couple days and i was wondering if any upper years had any tips to do well and what courses to watch out for? Thanks”
u/CoolFun11: “… The 3B term was more difficult than 3A for me, though, and I especially had difficulties with AFM 391 (which is a continuation of 291) & AFM 362. …”
Spring 2024
AFM 362 Final 4 points, 0 comments
u/blue_berry_1007: “For those who have taken AFM 362, do we really have to memorize how to calculate SBD, AII, ART, refundable part I tax etc? Having hard time memorizing all of these….🫠”
AFM 362 final exam tips 1 point, 0 comments
AFM 362 final 2 points, 0 comments
AFM 362 chapter assignments answers? 1 point, 3 comments
AFM 362 Assignment Solutions 1 point, 0 comments
u/blue_berry_1007: “I missed the class which was discussing module 11 assignment. Can anyone share 11-5 solution? Thank you so much”
AFM 362 midterm 6 points, 1 comment
u/Live-Orchid-4180: “Anyone know what are the most important topics to know for 362 midterm?”
Fall 2023
Seeking Recommendations for MAcc Course Selection 1 point, 4 comments
“I've applied for the MAcc program and I'm looking for some advice on course selection. Specifically, I'd like to know which two CPA-Elective Courses out of ACC 607, ACC 650, ACC 685, and ACC 690 are …”
u/Key-Tiger-712: “Bit of a hard question to answer without knowing what you want to do after grad. I'm going into tax so I chose to take the tax elective. …”
u/EnergyBubblePop: “… How does it compare to AFM 462 and 362, and are there any new concepts introduced in the MAcc Tax course, or is it a deeper dive into familiar concepts with some integration? …”
Spring 2022
AFM 4B 10 points, 3 comments
“Hello any current/past AFM students that happen across this post! I'm going into my final AFM term and will be taking AFM 462 and AFM 482 in person, however I have been very unsuccessful in finding a …”
u/Zealousideal_Fly_940: “… With that said, I believe AFM 462 has in-class participation, weekly assignments and a midterm/final exam (like AFM 362/363). I think AFM 482 is mainly assignments, a midterm and final. I don't think there is class participation for AFM 482. …”
afm 362 notes 8 points, 2 comments
u/CasualHearthstone: “Can anyone share their afm 362 notes? We have the midterm coming up and I'm feeling pretty stressed about it”
Check it elsewhere for Fall 2026
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