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Author Question: Which statement regarding the tax system is true? (Read 33 times)

hannahmadyronde

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on: Aug 7, 2023
Which statement regarding the tax system is true?

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For small Canadian-controlled private corporations, income less than $6400,000 is exempt from taxes. Thus, government receives no tax revenue from these businesses.


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Tax rates placed on corporations vary based on their size, location, and type of income being earned. The various tax rates partly reflect governments encouraging the establishment of certain types of businesses.


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All businesses, regardless of their legal form of organization and their location, are taxed by the Canada Revenue Agency (CRA).


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All corporations other than nonprofit corporations are subject to corporate income taxes, which are 26.5% for the lowest amounts of income and 33% for the highest amounts of income.

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Marked as best answer by hannahmadyronde on Aug 7, 2023

RodrickHac

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hannahmadyronde

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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