For Canadian Companies,if the Foreign Project Is a Separately Incorporated

question 30

Multiple Choice

For Canadian companies,if the foreign project is a separately incorporated subsidiary of the parent,the amount of taxes a company pays generally depends on the amount of profits ________.

• A) received in Canada
• B) earned in Canada
• C) earned in the host country
• D) received in the host country

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Definitions:

Earthquake

A sudden and violent shaking of the ground, sometimes causing great destruction, as a result of movements within the earth's crust or volcanic action.

Prohibitively Expensive

Costs that are so high they discourage or prevent an individual or entity from purchasing a service or product or undertaking an action.

Impossibility of Performance

A legal doctrine that releases parties from their contractual obligations when an event occurs that makes performance objectively impossible.

Absconded

To leave hurriedly and secretly, typically to escape from custody or avoid arrest.