Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 11-when considering tax planning for an owner-mana

11-When considering tax planning for an Owner-Manager which of the following statement is false: Group...

60.2K

Verified Solution

Question

Accounting

11-When considering tax planning for an Owner-Manager which of the following statement is false:

Group of answer choices

A person should have a minimum salary which covers all the basic tax credits and other available deductions including for example a marriage deduction and RRSP maximum contribution

When net income is above $500,000 in a CCPC dividends should be paid out to lower the net income to $500,000 so that the high rate of taxation is avoided.

You must consider the cash needs in the corporation and the cash needs of the Shareholder in order to do proper tax planning

You must consider the time value of money related to the deferral of taxes

12-The purpose of transfer pricing legislation is to: Group of answer choices

to maximize the taxes on big multi-national companies only

to ensure that withholding taxes are paid for all companies

ensure that transfer prices between non-related persons are set at arms length

ensure that transfer prices between related persons are set at arms length prices

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Phylum + common name Defining characteristic(s) Additional traits (e.g. metamorphic? Reproduction? Motility?) Example(s) Porifera Cnidaria Ctenophora (comb jellies) Ciliated comb-like plates (called ctenes); 2...

Biology
Q

A. Draw a seperatory funnel with isopropyl acetate and aqueous solution in it. Label the layers. Which...

Chemistry
Q

What are the organisational's macro environment and resources?

General Management
Q

The point in the immersed body through which the resultant pressure of the liquid may...

Physics
Q

Select the converse inverse and contrapositive for the following statement If Mexico is an island...

Basic Math
Q

Write a rational function that has the vertical asymptote x 1 and the horizontal asymptote...

Calculus
Q

What is the least common multiple of the numbers?24 and 30

Calculus
Q

Use the product rule to simplify the expression. Write the result using exponents.(-9b?c?) (8bc?)

Algebra
Q

Under ASC Topic 606 for revenue recognition, which of the following statements is not accurate...

Accounting
Q

Chibu Corporation is a single product firm with the following cost formula for all of...

Accounting
Q

please help! The per-unit standards for direct materials are 3 gallons...

Accounting
Q

a,b plz You are considering making a movie. The movie...

Finance