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 FALSE?

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