3. How much corporate tax would a CCPC in Ontario pay if their taxable income was $560,000 (assuming there is an associated company which uses the entire Small Business Deduction)? a. $ 89,600 b. $ 148,400 c. $ 84,000 d. $ 64,400 4. As discussed in class, a corporation files what type of income tax return? a. T1. b. T2. C. T3. d. T4. 5. Which of the following is not true regarding a CCPC? a. CCPC stands for Canadian-controlled public corporation. b. CCPC's are not traded on the stock exchanges. C. CCPC's are residents of Canada. d. CCPC's are entitled to the manufacturing and processing deduction