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Identify the statement(s) that is (are) true regarding tax credits and deductions. Tax credits reduce taxes owing. Deductions are more valuable to individuals in higher

Identify the statement(s) that is (are) true regarding tax credits and deductions. Tax credits reduce taxes owing. Deductions are more valuable to individuals in higher marginal brackets. Provincial tax credits are non-refundable; federal tax credits are refundable. A & B

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