In Canada, a Business Can Be Incorporated Through

question 27

Multiple Choice

In Canada, a business can be incorporated through:

• A) the federal government.
• B) a provincial government.
• C) the federal or a provincial government.
• D) the federal, a provincial or a municipal government.

Recognize the nondiscriminatory requirements for qualified pension plans.

Understand the tax implications of distributions from retirement plans and other tax-deferred planning instruments.

Identify the maximum contribution limits for 401(k) plans and the conditions under which contributions are made.

Distinguish between different retirement plans and their tax consequences.