Which of the following is not a taxable entity for Canadian income tax purposes?
A)Darklyn Ltd., a Canadian resident corporation.
B)Ms.Sarah Bright, a Canadian resident.
C)Walters and Walters, a group of CMAs operating as a partnership.
D)The Martin family trust.

Question

Quizplus · Accepted Answer

In Canada, partnerships are not considered taxable entities. Instead, the income is allocated to the partners, who then report it on their personal or corporate tax returns.

Which of the Following Is Not a Taxable Entity for Canadian