An Individual Residing in Saskatoon Has Created a Holding Company

question 8

Multiple Choice

An individual residing in Saskatoon has created a holding company to own the shares of their CCPC (which earns only active business income) .The use of the holding company will permit which of the following?

• A)The corporation's income will not be taxed.
• B)The individual will receive dividends from the holding company, free of tax.
• C)The holding company will receive dividends from the corporation, free of tax.
• D)The individual will receive dividends from the corporation, free of tax.

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Definitions:

Flexion

Bending.

Extension

The movement increasing the angle between body parts, opposite to flexion.

Skeletal Muscle

A type of muscle tissue that's controlled voluntarily, supports skeletal movements, and is distinguished by its striated appearance.

Skeletal Muscle

A type of striated muscle tissue which is attached to bones and is responsible for initiating and controlling voluntary movements.