Corporation a Is a Canadian Controlled Private Corporation and Corporation

Corporation A is a Canadian controlled private corporation and Corporation B is a public Canadian corporation.The paid-up capital of both corporations was established with $25,000 in common shares.Both corporations have a paid-up capital balance of $25,000.Which of these statements is true,provided the proper legal steps are followed?

A) If the private corporation makes a payment of $25,000 to its shareholders by reducing its paid-up capital, there will be no tax consequence.
B) If the private corporation makes a payment of $25,000 to its shareholders by reducing its paid-up capital, only 50% of the payment will be taxable.
C) If the public corporation makes a payment of $25,000 to its shareholders by reducing its paid-up capital, there will be no tax consequence.
D) If the public corporation makes a payment of $25,000 to its shareholders by reducing its paid-up capital, only 50% of the payment will be taxable.