In Canada,the corporate income tax is integrated with the ________,so that ________ are not taxed twice on the firm's earnings.

Question

Quizplus · Accepted Answer

The corporate income tax in Canada is integrated with the personal income tax so that shareholders are not taxed twice on the firm's earnings. This integration is achieved through the use of a system of tax credits known as the dividend tax credit, which reduces the amount of tax that shareholders must pay on dividends received from Canadian corporations. Thus, choice E, income tax; shareholders is the correct answer.

In Canada,the Corporate Income Tax Is Integrated with the ________,So