Business Income may be earned by : Question 1 options: Sole Proprietor Corporation Partnership All of the above Question 2 (1 point) Business Income earned by an Individual is included Question 2 options: Corporate tax return (T2). Individual's personal tax return (T1) T5 None of the above Question 3 (1 point) Business income earned by a corporation is included in the corporate tax return (T2). Question 3 options: True False Question 4 (1 point) An individual operating as a proprietorship may either include the details of their business income on Form T2125 - Statement of Business or Professional Activities or prepare a reconciliation of accounting net income to business income and attach that to their personal tax return. Question 4 options: True False Question 5 (1 point) Saved Business Income may be earned by both individual (also referred as Sole Proprietor) or by a Corporation. Question 5 options: True False

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Question 1 All of the ab... View the full answer