The general rate reduction provides for a deduction from federal income tax payable equal to$13\%$ of a$$ corporation's full rate taxable income.

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Part $1$

A$.$

$$False$,$ the general rate reduction is implemented through a deduction from federal income tax payable equal to$13\%$ of the graduated rate applied to taxable income.

B$.$

$$False$,$ the general rate reduction is implemented through a decrease in the basic flat rate.

C$.$

$$True$,$ the general rate reduction is implemented through a deduction from federal income tax payable equal to$13\%$ of full rate taxable income.

D$.$

$$False$,$ the general rate reduction is implemented through a deduction from$$ provincial$/$territorial income tax payable equal to$13\%$ of full rate taxable income.