Which of the following statements about the use of a corporation is NOT correct?
A) The use of a corporation is more desirable in a province with a high dividend tax credit.
B) The use of a corporation will always result in deferral of taxes on income that is left in the corporation.
C) The use of a corporation is less desirable in a province with a low dividend tax credit.
D) The use of a corporation is more desirable in a province that has high tax rates on individuals.
Correct Answer:
Verified
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