Course Description and Outline

CPD 157: Accounting and Taxation Considerations for a Real Estate Business

Pre-requisite: None.

Course Description

Financial information is a critical component of any business; it is used by owners, investors, lenders, partners, the government, and the public for a variety of purposes, including investments and loans, income tax reporting, cash flow analysis, and budgeting. Owners and managers of a real estate services enterprise need to develop the skills to understand and interpret financial information for their enterprises. The purpose of Lesson 1 is to familiarize real estate business owners, managers, and stakeholders with financial components such as financial reports, accounting information, financial statements, audits, and budgeting.

Lesson 2 builds on the information presented in Lesson 1, with a focus on taxation. Regardless of the form of business organization, type of business, or size of the business, all businesses are affected by municipal, provincial, and federal tax requirements. An understanding of a business's taxation obligations is essential for a business owner or manager. In this lesson, students will learn about Canadian taxes affecting businesses, the distinction between employees and contractors, income taxes for different types of taxpayers, and property assessment and taxation of real estate.


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