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How is the collection of corporate income taxes handled? Choose the correct answer. A. Canada...

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Accounting

How is the collection of corporate income taxes handled? Choose the correct answer.

A. Canada Revenue Agency collects both federal and ALL provincial income taxes.

B. Canada Revenue Agency collects federal taxes and each province collects provincial income taxes.

C. Canada Revenue Agency collects federal and MOST provincial income taxes.

D. The applicable provincial finance and revenue agency collects both federal and provincial income taxes for corporations operating within the province.

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