Cassandra Is the Sole Shareholder of a Corporation Incorporated Under

Multiple Choice

Cassandra is the sole shareholder of a corporation incorporated under the Canada Business Corporations Act which carries on a grocery store business. Which of the following statements is TRUE?

A) Cassandra will pay no tax no matter what the corporation's profits are until some amount is paid to her personally.
B) Cassandra could work as a cashier employed by the corporation.
C) Cassandra does not own any of the assets of the corporation.
D) If Cassandra was killed in an automobile accident, the corporation would continue to exist.
E) all of the above.