Which of the following statements about the use of a corporation is correct?
A)Use of a corporation will always result in the deferral of taxes.
B)Use of a corporation can result in a tax saving.
C)Use of a corporation is more desirable in a province that has low tax rates on individu- als.
D)Use of a corporation is more desirable in a province that has a low dividend tax credit.

Question

Quizplus · Accepted Answer

Use of a corporation can result in a tax saving, but it is not always guaranteed as it depends on various factors such as the type of income earned and the individual's personal tax situation. The other choices are incorrect as they are either partially true or not necessarily relevant to the use of a corporation.

Which of the Following Statements About the Use of a Corporation