Question
8-Which of the following is false with regard to dividends, corporations, and shareholders? Group of answer choices Corporate taxable income is generally reduced by the
8-Which of the following is false with regard to dividends, corporations, and shareholders?
Group of answer choices
Corporate taxable income is generally reduced by the amount of dividends received from other taxable Canadian corporations.
Generally, Canadian corporate after-tax profits may be shifted to other Canadian corporations by way of dividends, without a tax consequence.
An individual's taxable income is generally reduced by the amount of dividends received from taxable Canadian corporations.
Generally, when a dividend is paid out to an individual from a Canadian corporation they are entitled to a dividend tax credit
9-The purpose of the Canadian Foreign Country tax treaties is to do all of the below except for? Group of answer choices
Prevent tax evasion
Discourage Canadians from investing in foreign countries
Avoid double taxation
Determine distribution of tax revenues between countries
10- Which of the following tax calculation does not prevent double taxation when it comes to Investment income: Group of answer choices
Additional Refundable Tax (ART)
General rate reduction
Refundable Dividend Tax on Hand (RDTOH)
Part IV Tax
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