The Canadian Tax System Practices Integration Between Corporations and Individuals

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The Answer is <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7107/11eb145d_f857_8038_8021_edebf5f8e6b3_TB7107_00.jpg" alt="  *Rounded The concept of integration illustrated here shows that as income flows through a corporation and ultimately to an individual, the total tax paid on that income is relatively equivalent to the amount that the individual would have paid had he/she received the income directly, rather than through a corporation. Thus, double taxation is avoided. [However, this example is based on set tax rates which may differ in varying circumstances, and double taxation may occur in some scenarios.]" class="answers-bank-image d-block" rel="preload" > *Rounded The concept of integration illustrated here shows that as income flows through a corporation and ultimately to an individual, the total tax paid on that income is relatively equivalent to the amount that the individual would have paid had he/she received the income directly, rather than through a corporation. Thus, double taxation is avoided. [However, this example is based on set tax rates which may differ in varying circumstances, and double taxation may occur in some scenarios.]

The Canadian Tax System Practices Integration Between Corporations and Individuals

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The Canadian Tax System Practices Integration Between Corporations and Individuals

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