When a corporation is partly capitalized with shareholder debt, the amount of corporate income that may be

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“When a corporation is partly capitalized with shareholder debt, the amount of corporate income that may be subject to double taxation is reduced.” Explain. Does it matter whether the shareholder debt pays interest or not?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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