Discount store Retail Ranking; June 2014), operates more than 10,121 discount stores or discount shops worldwide. Australia has four main discount shops including Aldi, Big W, Kmart, and Target, plus in the Sydney region only, Victoria's Basement. Woolworths entered Canada in the 1920s, but the stores were converted to the Foot Locker, Champs Sports and other stores by 1994. Kresge's entered Canada in 1929. Zellers was founded in 1931, and was acquired by the Hudson's Bay Company in 1978. Giant Tiger opened its first store in Ottawa in 1961, modeled on Woolworths. Winners was founded in 1982 in Toronto, and sells off-price
S corporation corporations may also, in certain circumstances, pay income taxes on untaxed profits that were generated when the corporation operated as a C corporation. This is very common with uncollected accounts receivable or appreciated real estate. For example, if an S corporation that was formerly a C corporation sells an appreciated asset (such as real estate) and the appreciation occurred during the time the corporation was a C corporation, the S corporation will probably pay C corporation taxes on the appreciation—even though the corporation is now an S corporation. This Built In Gain (BIG) tax rate is 35% on the appreciated