Which of the Following Statements with Respect to Corporations Is

Multiple Choice

Which of the following statements with respect to corporations is NOT correct?

A) Corporate income tax returns must be filed within 6 months of the end of the taxation year.
B) All corporations must file their income tax returns electronically.
C) If the corporation is a CCPC, the due date for any balance owing is three months after the end of the taxation year.
D) If a corporation has foreign operations, it can determine its Canadian tax liabilities on the basis of financial statements prepared in the corporation's functional currency.