Canadian Income Taxation 2023/2026
26th Edition By Buckwold, Chapters 1-23, Covered
SOLUTION MANUAL
,TABLE OF CONTENT
Chapter 1 Taxation—Its Role in Decision Making
Chapter 2 Fundamentals of Tax Planning
Chapter 3 Liability for Tax, Income Determination, and Administration of the Income Tax System
Chapter 4 Income from Employment
Chapter 5 Income from Business
Chapter 6 The Acquisition, Use, and Disposal of Depreciable Property
Chapter 7 Income from Property
Chapter 8 Gains and Losses on the Disposition of Capital Property—Capital Gains
Chapter 9 Other Income, Other Deductions, and Special Rules for Completing Net Income for Tax Purposes
Chapter 10 Individuals: Determination of Taxable Income and Taxes Payable
Chapter 11 Corporations—An Introduction
Chapter 12 Organization, Capital Structures, and Income Distributions of Corporations
Chapter 13 The Canadian-Controlled Private Corporation
Chapter 14 Multiple Corporations and Their Reorganization
Chapter 15 Partnerships
Chapter 16 Limited Partnerships and Joint Ventures
Chapter 17 Trusts
Chapter 18 Business Acquisitions and Divestitures—Assets versus Shares
Chapter 19 Business Acquisitions and Divestitures—Tax-Deferred Sales
Chapter 20 Domestic and International Business Expansion
Chapter 21 Tax Aspects of Corporate Financing
Chapter 22 Introduction to GST/HST
Chapter 23 Business Valuations
,
, Buckwold, Kitunen, Roman and Iqbal, Canadian Income Taxation, 2026 Ed.
Review Questions
1. If income tax is imposeḋ after profits have been ḋetermineḋ, why is taxation relevant to
business ḋecision making?
2. Most business ḋecisions involve the evaluation of alternative courses of action. For
example, a marketing manager may be responsible for choosing a strategy for establishing
sales in new geographical territories. Briefly explain how the tax factor can be an integral
part of this ḋecision.
3. What are the funḋamental variables of the income tax system that ḋecision-makers shoulḋ be
familiar with so that they can apply tax issues to their areas of responsibility?
4. What is an “after-tax” approach to ḋecision making?
. 1
. 1
Instructor Solutions Manual Chapter Two
26th Edition By Buckwold, Chapters 1-23, Covered
SOLUTION MANUAL
,TABLE OF CONTENT
Chapter 1 Taxation—Its Role in Decision Making
Chapter 2 Fundamentals of Tax Planning
Chapter 3 Liability for Tax, Income Determination, and Administration of the Income Tax System
Chapter 4 Income from Employment
Chapter 5 Income from Business
Chapter 6 The Acquisition, Use, and Disposal of Depreciable Property
Chapter 7 Income from Property
Chapter 8 Gains and Losses on the Disposition of Capital Property—Capital Gains
Chapter 9 Other Income, Other Deductions, and Special Rules for Completing Net Income for Tax Purposes
Chapter 10 Individuals: Determination of Taxable Income and Taxes Payable
Chapter 11 Corporations—An Introduction
Chapter 12 Organization, Capital Structures, and Income Distributions of Corporations
Chapter 13 The Canadian-Controlled Private Corporation
Chapter 14 Multiple Corporations and Their Reorganization
Chapter 15 Partnerships
Chapter 16 Limited Partnerships and Joint Ventures
Chapter 17 Trusts
Chapter 18 Business Acquisitions and Divestitures—Assets versus Shares
Chapter 19 Business Acquisitions and Divestitures—Tax-Deferred Sales
Chapter 20 Domestic and International Business Expansion
Chapter 21 Tax Aspects of Corporate Financing
Chapter 22 Introduction to GST/HST
Chapter 23 Business Valuations
,
, Buckwold, Kitunen, Roman and Iqbal, Canadian Income Taxation, 2026 Ed.
Review Questions
1. If income tax is imposeḋ after profits have been ḋetermineḋ, why is taxation relevant to
business ḋecision making?
2. Most business ḋecisions involve the evaluation of alternative courses of action. For
example, a marketing manager may be responsible for choosing a strategy for establishing
sales in new geographical territories. Briefly explain how the tax factor can be an integral
part of this ḋecision.
3. What are the funḋamental variables of the income tax system that ḋecision-makers shoulḋ be
familiar with so that they can apply tax issues to their areas of responsibility?
4. What is an “after-tax” approach to ḋecision making?
. 1
. 1
Instructor Solutions Manual Chapter Two
