Explain what is the purpose of a government tax credit to business and what advantages does a tax credit provide to business.

Please answer the two questions below, and just for your information im living in Canada and the answer should related to the Canada.

Due date: Tuesday, July 30th 2021, 11:59pm (Toronto time)
Component weight: 2.5% of the final course grade
Only Word or PDF accepted (no image files). Please do not load any other types of files, as the system would not accept them.
Please ensure that you are loading your MOST-UPDATED file – not a previous draft or a different file – as you will not be able to re-submit.
Late submissions (after the 11:59pm deadline) will not be accepted. No extensions.
Reflection requirements: You will write a 1 – page double spaced response, in total, to the posted reflection questions. No late submissions of reflections will be accepted. Note that reflections can be submitted in advance of the deadline to avoid any unexpected last-minute issues. You must submit an electronic copy via eClass turnitin by the assigned deadline.
Reflection #2 (2.5 marks)
a) Explain what is the purpose of a government tax credit to business and what advantages does a tax credit provide to business.
b) Provide an example of a tax credit available to businesses in Canada.

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