The Federal Corporate Income Tax in Canada Is

question 27

Multiple Choice

The federal corporate income tax in Canada is

• A)a proportional tax on profits.
• B)a progressive tax on revenues.
• C)a proportional tax on revenues.
• D)a flat tax on revenues.
• E)a progressive tax on profits.

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Definitions:

Outstanding Shares

The total number of shares of stock that are currently owned by shareholders, including both public investors and restricted insiders.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the near term.

Net Present Value

The disparity in present values of cash inflows versus cash outflows within a certain time span.

Equity Shares

Represent ownership shares in a company, giving shareholders voting rights and a claim on company profits in the form of dividends.