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1-Regulation 105 withholding requirements say that: every person paying a fee, or commission or other amount to a non-resident in respect of services rendered in Canada must withhold and remit: Group of answer choices

15% tax where there are no exceptions

25% tax

15% tax with the exception of the United States which is 10% tax

15% tax with the exception of the United States which is 5% tax

3-For Part IV tax which of the follow statement is false:

Group of answer choices

Part 1V tax only applies to private corporation including CCPC

CCPC Corporations receiving eligible and non-eligible Canadian dividends from non-connected corporations will pay part 1V tax at 38 1/3%

Public corporations pay Part 1V tax only on non-eligible dividends received

CCPC Corporations receiving eligible and non-eligible Canadian dividends from connected CCPC corporations will pay Part 1V tax based on the RDTOH refund the paying corporation receives as a result of paying a taxable dividend times the percentage of ownership

4-Bear Ltd owns 100% of Window Ltd and owns 100% of Doors Inc. hence they are all associated. Bear Ltd. also owns 10% of Steels Ltd and 10% of Metals Ltd which are not associated companies. Bear Ltd also owns 15% of Sammy Inc. which is also not an associated company. Each of the six corporations has at least $300,000 of active business income earned in Canada.

What is the maximum combined corporate income on which the six corporations can claim the small business deduction?

Group of answer choices

$1,400,000

$2,000,000

$1,200,000

$1,300,000

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