Which of the following statements with respect to income tax reference materials is correct?

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Part 1

A.

Income Tax Regulations are gradually being replaced by Income Tax Folios.

B.

Interpretation Bulletins are gradually being replaced by Information Circulars.

C.

The ITA is the most important source of information for dealing with matters related to the federal income tax.

D.

Income Tax Folios are a legislative source of guidance.