Essay BUSI355 – Canadian Income and Excise Tax Legislation – Finance Assignment Help

Assignment Task

The purpose of the assessment is to integrate the following:

1. Application of course concepts, Canadian Income and Excise Tax legislation, and court rulings to real-world taxation issues and scenarios.

2. Further development of analytical, problem-solving, and written business communication skills.

3. Increased working knowledge of Excel worksheet preparation.

General Requirements and Assumptions Determine Upcycled Solutions Ltd (USL) Net Income for Tax Purposes by providing a breakdown of the various categories of income according to the Ordering Rules in Section 3 of the Income Tax Act. In addition, corporate taxable income and taxes payable must also be determined using the information provided. The results must be communicated in a two-page memo to your client that not only addresses the tax payable/(refundable), but also future tax planning advice based on questions asked of your client and issues you feel are important to ensure your client is prepared to make well informed future business decisions.