To Incorporate Under the Canada Business Corporations Act Is Most

question 54

Multiple Choice

To incorporate under the Canada Business Corporations Act is most suitable for

• A) any business where the employees receive federal benefits.
• B) any business that brings in goods from other provinces.
• C) small businesses aiming at an international marketing niche.
• D) large businesses that carry on their activity nation- wide.
• E) all new and small business.

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Definitions:

Perpetuity

A type of annuity that pays a fixed amount of money to an individual indefinitely, without a set termination date.

Compounded Semi-annually

Describes a type of interest calculation where the interest is added to the principal amount twice a year, leading to interest on the interest in the next compounding period.

Ordinary Perpetuity

A series of indefinite cash flows that occur at regular intervals.

Ordinary Annuity

A financial product where payments of a fixed amount are received at the end of equal intervals.