Assuming a December year end the expiry date that would occur from a 2019 non capital loss is: 2039 2036 2037 will not expire Question 2 (1 point) A shareholder's secondary relationship does not include: Supplier Creditor Employee Competitor There are several benefits to incorporating a business. Which of the following is NOT a benefit o incorporating? There is greater flexibility to bring family members on board as owners. The owner/employee may participate in a registered pension plan through the corporation. The small business deduction provides a tax reduction on the first $500,000 of active business income. Dividends paid to shareholders are deductible business expenses. Question 4 ( 1 point) Spider Ltd. Is a CCPC in Manitoba and earns Active business income of $850,000, the combined federal and provincial tax payable is: $199,500 $97,500 $224,500 $139,500 The general treatment of a shareholder's account that has a debit balance at year end of $60,000 is to allocate the debit to: Issue a dividend Salary expense Any of the above Bonus expense