Which of the Following Statements with Respect to an Individual's

Multiple Choice

Which of the following statements with respect to an individual's Tax Payable is not cor- rect?

A) Provincial Tax Payable is calculated by applying the appropriate rate to Taxable In- come.
B) The relevant provincial tax rate is based on the province in which the individual re- sides on December 31 of the taxation year.
C) Only federal taxes are assessed on residents of Canada who are not a resident in any
Canadian province on December 31 of the taxation year.
D) All provinces apply a progressive rate system in the determination of Tax Payable.
Tax Credits