School of Accounting and Finance

The Master of Taxation (MTax) program is for students who want to specialize in taxation. The program provides the academically-based professional skills needed for a successful career in industry, government or professional practice.

The curriculum, offering instruction in advanced taxation and training in tax research, was developed by professors and senior tax professionals to integrate institutional knowledge of taxation with knowledge from several social sciences. Instructors are drawn from the University and from public accounting firms. This program is strongly supported by the four largest public accounting firms and the two largest tax publishers in Canada.

Enrolment in this program is limited.

• Students from a wide variety of backgrounds are welcome.
• Successful completion of a four-year Honours Degree, or equivalent, with at least a B (75%) average is required
• or
• A three-year Degree, or equivalent, with at least a B (75%) average, 8 years of Canadian tax-related work experience showing career advancement and a GMAT score of least 550, or equivalent GRE score using ETS's GRE Comparison Table for Business Schools.
• Two letters of reference, at least one being an academic reference
• Resume, detailing your previous work experience
• A one page statement detailing your interest in the Master of Taxation program
• Applicants will be assessed by an admissions committee. Applicants who are lacking the necessary fundamentals of Canadian income taxation and accounting to begin work in the tax field will be required to successfully complete TAX 600, a 3-week course covering these areas. An interview may also be required
• Students whose first language is not English may be required to provide proof of competency in English. For those taking the Test of English as a Foreign Language (TOEFL), a score of at least 600 (250 on the computerized version), with a score of 5 in the Test of Written English (TWE), and 50 on the Test of Spoken English (TSE) are required. (See Academic Regulations - English Language Proficiency Certification for other acceptable tests of English)
• GMAT may be required
• Application deadline for September admissions is April 1st

The MTax program offers both full-time and half-time (part-time) enrolment. The program is taught in Toronto. Each student must meet the general requirements of the Senate as specified in the current Calendar regarding enrolment, continuous enrolment, inactive enrolment and re-admission.

Program of Studies (A) Full-time study option:

This study option involves three academic terms of four courses each, interspersed with two practice terms, and includes a Master's Research Paper (TAX 638). Classes are held in Toronto two days per week, Monday and Thursday. The program commences in the fall term and takes 20 months to complete. Students take the following courses and practice terms in sequence:

• Term One (fall): TAX 615, 616, 617, 619, 620
• Practice Term (winter) **
• Term Two (spring): TAX 625, 627, 628, 629
• Practice Term (fall) **
• Term Three (winter): TAX 626, 636, 637, 638 (Master's Research Paper)

There are no elective courses.

Program of Studies (B) Half-time (part-time) study option:

This study option involves six academic terms of two courses (0.50 unit weight) each, with no practice terms, and includes a Master's Research Paper (TAX 638). Classes are held in Toronto one day per week, either Monday or Thursday. The program commences in the fall term and takes 24 months to complete. Students are required to take the following courses in sequence:

• Term One (fall): TAX 619, 620
• Term Two (winter): TAX 626, 636
• Term Three (spring): TAX 625, 627
• Term Four (fall): TAX 615, 616, 617
• Term Five (winter): TAX 637, 638 (Master's Research Paper)
• Term Six (spring): TAX 628, 629

Candidates must obtain an overall average of at least 75% in the courses presented in fulfilment of the degree requirements. The records will be reviewed of those whose cumulative average at the end of each term is below 75% and the candidate may be required to withdraw from the program.