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What is the purpose of the scheme referred to as Part IV tax? ensure that the benefits intended by the small business deduction are not

What is the purpose of the scheme referred to as Part IV tax? ensure that the benefits intended by the small business deduction are not available to individuals who in reality are in an employment situation provide some relief from the combined corporate and personal taxes which would be otherwise payable on investment income of CCPCs discourage the shareholders of private corporations from deferring personal tax by leaving dividend income from portfolio investments in a corporation No particular purpose

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