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The use of a corporation can provide income tax deferral only if the shareholder(s) can afford to leave the after-tax income in the corporation. Question
The use of a corporation can provide income tax deferral only if the shareholder(s) can afford to leave the after-tax income in the corporation. Question content area bottom Part 1 A. False because the use of a corporation to defer income applies to all shareholders regardless if they can afford to leave the after-tax income in the corporation or not. B. True because the corporate income tax rate may be lower than the personal income tax rate for certain types of income. C. False because corporations can never provide income tax deferral under the provisions of the Income Tax Act (ITA). D. True because the corporate income tax rate is always lower than the personal income tax rate for all types of income
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