Corporation MCQs

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Which of the following is not one of the three basic areas that distinguish a Canadian-controlled private corporation from other corporations?






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Which of the following statements does not correctly describe matters related to active business income?






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Which of the following amounts would not be included in a corporation’s capital dividend account?






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Which of the following statements does not correctly describe matters related to the taxation of intercorporate dividends?






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Which of the following is a disadvantage of incorporating a business?






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A CCPC in the retailing business with 8 staff has taxable income of $180,000 in 20X1 which excludes Canadian dividend income of $10,000 and includes i...






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A CCPC in the real estate rentals business with 4 staff has taxable income of $80,000 in 20X1 which excludes Canadian dividend income of $5,000 and in...






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A CCPC received taxable dividends from public corporations of $18,000. It also received taxable dividends of $6,000 and capital dividends of $3,000 fr...






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Company A, a CCPC, owns 25% of the voting shares of Company B, a CCPC. Company B earns active business income that is subject to the small business de...






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For what type or range of income would you be indifferent to paying a salary or a dividend to the sole shareholder of a CCPC?