If the Expansion Is Done Through a Branch Location in a Permanent

question 6

Multiple Choice

If the expansion is done through a branch location in a permanent establishment run by personnel from Saskatchewan, which of the following is incorrect?

• A)The profits belong to the Nova Scotia corporation.
• B)The Saskatchewan tax rate will apply.
• C)The branch profits for tax purposes may potentially be more than actually earned at the branch.
• D)The actual branch profits will be taxed as a separate entity.

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Definitions:

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check or promissory note, and has the right to enforce its terms.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a period.

Principle Plus Interest

The total amount owed or invested, composed of the original sum (principal) and the earnings on that sum (interest).

Burden Of Proof

To convict a defendant, the duty of the plaintiff or prosecution to establish a claim or allegation by admissible evidence and to prove to the jury or court, beyond any reasonable doubt, that the defendant committed all the essential elements of the crime.