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Gather all required financial documents including income statements, balance sheets, and profit and loss statements.

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Corporations and businesses that are legally required to pay income tax on their profits.

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Corporation income tax is a tax imposed on the net income of corporations. Businesses that operate as corporations are required to pay income tax on their profits.

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Corporations that generate income through business activities are required to file corporation income tax returns.

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The purpose of corporation income tax is to generate revenue for the government from profitable businesses. It also helps ensure that corporations contribute their fair share towards funding public services and infrastructure.

What information must be reported on corporation income and business?

Corporation income tax returns typically require information about the corporation's income, expenses, deductions, credits, and any other relevant financial information.

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