TAX 615Taxation and Finance

This course focuses on the valuation of business interests in the context of the Income Tax Act. Particular attention is given to business valuation matters that arise in circumstances that involve income tax planning assignments. This course will be of interest to those who intend to undertake such tax assignments since they often begin with establishing the fair market value of a taxpayer's business interests. The Income Tax Act refers to the concept of "fair market value" over 700 times without ever defining what it means. Students will gain an appreciation of the degree of information and analysis required in order to render a reasoned conclusion as to fair market value.