There Are Several Benefits to Incorporating a Business

There are several benefits to incorporating a business. Which of the following groups of statements about benefits is correct?

A) Investment income under $500,000 is eligible for a lower tax rate; dividend payments may be deferred until after a shareholder has retired; and a lifetime capital gains deduction may be available if conditions are met.
B) Active business income under $500,000 is eligible for a lower tax rate; taxable benefits may be provided to the shareholder if he is also an employee; and dividend payments may be deferred until after a shareholder has retired.
C) A lifetime capital gains deduction may be available if conditions are met; a tax deferral is available if the shareholder requires the corporation's profits for personal use in the year; and dividend payments may be deferred until after a shareholder has retired.
D) Dividend payments may be deferred until after a shareholder has retired; a lifetime capital gains deduction may be available if conditions are met; and active business income under $500,000 is eligible for a lower tax rate.