In Canada, corporate profits are taxed at the corporate level and then are taxed again as personal income in the form of dividend payments when investors receive a share of profits.

Question

Quizplus · Accepted Answer

Corporate profits in Canada are taxed at the corporate level first and then, when distributed to shareholders in the form of dividend payments, they are taxed as personal income. Therefore, this statement is true.

In Canada, Corporate Profits Are Taxed at the Corporate Level