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A CCPC has Taxable Capital Employed in Canada for the 2021 taxation year of $14 million, and $13 million for the 2022 taxation year.
A CCPC has Taxable Capital Employed in Canada for the 2021 taxation year of $14 million, and $13 million for the 2022 taxation year. AAll is less than $50,000 in each of the 2021 and 2022 taxation years. For 2022, the company has Canadian active business income of $420,000, taxable income of $385,000, and no foreign income. It is not associated with any other CCPC. What is the 2022 SBD for this company?
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The 2022 SBD for this CCPC can be calculated as follows Step 1 Calculate the small business deductio...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
