Which is TRUE about the Canadian tax system?
A) businesses are taxed at the same rate in all of the provinces.
B) small businesses tend to pay less taxes per dollar earned than larger businesses.
C) corporations cannot claim contributions made to political parties even if they are registered political parties.
D) the Canadian government does not use tax incentives to encourage scientific research.

Question

Quizplus · Accepted Answer

Small businesses in Canada benefit from a lower tax rate compared to larger businesses, as they are eligible for the small business deduction.

Which Is TRUE About the Canadian Tax System