Question: c) Peter works as a technician for a local IT firm. He incorporated Petra Inc., a CCPC, and became an owner-manager of the company. Petra
c) Peter works as a technician for a local IT firm. He incorporated Petra Inc., a CCPC, and became an owner-manager of the company. Petra Inc. provided the same services to the IT firm that Peter provided previously, and the IT firm paid Petra Inc. a service fee similar to the salaries that Peter used to obtain. Peter engaged in these transactions in order to take advantage of the tax deferral available to corporations
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