Multiple Choice
Which of the following is the correct method for starting with total income and computing taxable income?
A) Calculate gross income, apply tax credits, subtract deductions
B) Add all deductions and subtract the credits from total income
C) Subtract RRSP contributions and subtract non-refundable tax credits from total tax
D) Calculate total income, subtract deductions, calculate taxable income
Correct Answer:
Verified
Correct Answer:
Verified
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