Ethics In Finance
Insider Trading
Agenda
Introduction The U.S. Canada Differences Other Countries and Cross-Border Issues Conclusions
Introduction
Definition Rationales Pros Cons Legislation has been tightened up in recent years (Why?) Two Elements: D
ACC 742 Fall 2014 Weeks 1&2 Lecture Notes, J. Farrar
Preamble
A tax is a compulsory contribution to state/government revenue
tax is from the Latin word taxo (I estimate)
There are many forms of taxation (e.g. income, excise, property)
Business decisions (
ACC 742 Fall 2014 Week 4 Lecture Notes, J. Farrar
1
Property Income
Return on invested capital where little or no time, labour, or attention has been expended by
the investor in producing the return
Types: interest, dividends, rent, royalties
o Interest i
ACC 742 Fall 2014 Week 3 Lecture Notes, J. Farrar
Capital Cost Allowance (CCA) and Cumulative Eligible Capital Amount (CECA)
CCA/CECA tax depreciation an allowable deduction for using an asset to generate revenue over a
long period of time.
Two categories
ACC 742 Fall 2014 Weeks 5 & 6 Lecture Notes, J. Farrar
Capital Gains - subtopics
ACB
Deemed dispositions
Capital gains reserves
3 categories of capital property (PUP, LPP, financial) & other properties
Superficial losses
Principal residence exemption
Chan
