12.

before applying the corporate tax rate, firms may deduct

a. wage payments

b. dividend payments to shareholders

c. depreciation allowances

d. a and c

13.

in canada, only realized capital gains are included in taxable income

a. true

b. false

c. uncertain

14.

consider the following statement. the best empirical evidence to date suggests the tax subsidies for certain accounts like RRSPs and the TFSAs encourages new savings. is this statement true or false, explain

16.

in the canadian PIT system, capital gains are

a. generally not associated with a "lock in effect"

b. treated exactly like the other sources of income

c. taxed differently than other sources of income

d. only realized death

dont need explanation besides number 14, thanks