Problem: V Co. is a Canadian-controlled private corporation owned solely by employee V. V Co. has a net income of $590,000, all from active business in Canada. How can V Co. minimize its taxes payable? Multiple Choice Declare a dividend in favour of taxpayer V for $90,000 and pay the small business rate on all its income Pay shareholder V a $90,000 bonus, reducing income to $500,000 taxed at the small business rate It needs to pay the small business rate on 500,000 and the high rate on the remaining $90