Which of the Following Statements Accurately Describes the Tax Treatment

question 4

Multiple Choice

Which of the following statements accurately describes the tax treatment of Canadian corporations?

• A) Public corporations are granted beneficial tax treatment on the first $500,000 of business income.
• B) CCPCs recognize the general tax reduction on all business income.
• C) Public and private Canadian corporations are eligible for the small business deduction.
• D) Public and private Canadian corporations are eligible for the general tax reduction.

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