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When dividends are paid by one taxable Canadian corporation to another taxable Canadian corporation, the recipient corporation will include the dividends in: (Hints: Read
When dividends are paid by one taxable Canadian corporation to another taxable Canadian corporation, the recipient corporation will include the dividends in: (Hints: Read each possible solution carefully before answering. There is just one correct solution.) a. included in taxable income, but not in NIFT. O b. included in neither NIFT nor taxable income. Oc included in NIFT, but not in taxable income.. O d. included in both NIFT and taxable income, with no offsetting credit against income tax payable. e. included in both NIFT and taxable income, but with an offsetting credit against income tax payable. Clear my choice
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