Session 35309620 A. multiple choice question Joan Farnun has employment income of about $100,000. This employment income is sufficient to cover her personal living expenses. In addition, she operates a consulting business which earns about $50,000 per year. She is considering the incorporation of the consulting business. With respect to the incorporation, which of the following statements is correct? There will be an overall tax savings because of the small business deduction. B. Jump to There will be an overall tax savings because of the dividend tax credit. C. There will be tax deferral because of the small business deduction. D Send a message to the instructor 1 2 3 There will be no tax deferral because of the integration provisions in the Income Tax Act.

Joan Farnun has employment income of about $100,000. This employment income is sufficient to cover her personal iving expenses. In addition, she operates a consulting business which earns about $50,000 por year. She is considering the incorporation of the consulting business. With respect to the incorporation, which of the following statements is corroct? A There will be an overall tax savngs because of the smal business deduction. B. There will be an overall tax savings bocause of the dividend tax credit C. There will be tax deferal because of the small business deduction D There will be no tax doferral because of the indegration provisions in the lncome Tax Act. Sond a message to the instructor