There are several benefits to incorporating a business. Which of the following statements about such benefits is correct? Active business income under $500,000 is eligible for a lower income tax rate; taxable benefits may be provided to the shareholder if they are an employee; and taxable dividend payments may be deferred until after a shareholder has retired. The capital gains deduction may be available if conditions are met; a tax deferral is available if the shareholder requires the corporation's profits for personal use in the year; and taxable dividend payments may be deferred until after a shareholder has retired. Taxable dividend payments may be deferred until after a shareholder has retired; The capital gains deduction may be available if conditions are met; and active business income under $500,000 is eligible for a lower income tax rate. Investment income under $500,000 is eligible for a lower income tax rate; taxable dividend payments may be deferred until after a shareholder has retired; and the capital gains deduction may be available if conditions are met