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Which of the following statements concerning income taxes in Canada is not true? a Income taxes must often be estimated based on prior years tax
Which of the following statements concerning income taxes in Canada is not true?
a Income taxes must often be estimated based on prior years tax returns.
b Income taxes are usually paid through instalment payments throughout the year.
c The deadline for filing a corporate tax return and payment of any outstanding taxes is six months after the company's year-end.
d Income taxes payable is reported as a current liability.
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