[Verse 1] Start with accounting income, then adjust the frame Permanent differences create the taxation game Meals and entertainment, fifty percent survives Penalties and fines, the taxable base denies Capital cost allowance replaces depreciation's call Classes and rates determine how assets fall [Chorus] CCA half-year rule, SBD keeps you cool Active business income, investment's different tool Integration theory, tax the same way through RDTOH refunding, Part Four connecting too Corporate taxation, calculation nation [Verse 2] Class Eight computers, twenty percent decline Class Ten vehicles, thirty percent by design Accelerated incentive, first year magnified Small business deduction, five hundred thousand divide Associated corporations split the business limit General rate reduction when federal rates permit [Chorus] CCA half-year rule, SBD keeps you cool Active business income, investment's different tool Integration theory, tax the same way through RDTOH refunding, Part Four connecting too Corporate taxation, calculation nation [Bridge] Shareholder benefits, Section Fifteen's domain Loans imputed interest, avoid the taxable gain Loss carryback three years, forward twenty more Acquisition of control changes every score Deemed year-end triggered, restrictions now apply Asset write-downs mandatory, values can't lie [Verse 3] Section Eighty-Five rollovers, assets transferred clean Eighty-Six exchanges shares, reorganizing scene Eighty-Seven amalgamates, two become as one Eighty-Eight winds up the corp, dissolution done Connected corporations, Part Four tax applies Dividend refund mechanism, integration's prize [Chorus] CCA half-year rule, SBD keeps you cool Active business income, investment's different tool Integration theory, tax the same way through RDTOH refunding, Part Four connecting too Corporate taxation, calculation nation [Outro] From accounting income to the final tax Corporate rules and regulations, learn the facts
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