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A Ltd. and B Ltd. are partners in a partnership carrying on business in Canada. In the current year, the partnership business earned $600,000 of
A Ltd. and B Ltd. are partners in a partnership carrying on business in Canada. In the current year, the partnership business earned $600,000 of active business income. A and B share partnership profits equally. A operates its own business which earned active business income of $100,000 in the current year. Bs only income source is the partnership. What is the maximum income that is eligible for the small business deduction on As tax return?
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