The amount of tax paid on partnership profits depends on the nature of the separate partners and

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“The amount of tax paid on partnership profits depends on the nature of the separate partners and not on the nature of the partnership itself.” Explain.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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