The Small Business Deduction results in lower income tax rates for active business earned in a small business corporation $($SBC$).$ Tax deferral means

A$.$ the after$-$tax income retained in the SBC is not subject to tax until distributed to the shareholders

B$.$ annual income taxes are not paid until six months after the SBC$\text{'}$s fiscal year end

C$.$ the SBC pays lower taxes on active business income