Axco Inc. is a CCPC with a December 31 year end. Axco is not associated with any other company. For the 2019 taxation year, its Net Income For Tax Purposes is equal to $342,000, which includes dividends from taxable Canadian corporations of $31,000, taxable capital gains of $51,000 and interest income on long-term investments of $34,000. The Company has available a net capital loss carry forward of $32,000 and a non-capital loss carry forward of $29,000. The Company intends to deduct both of these carry forwards in the 2019 taxation year. The amount eligible for the small business deduction is $226,000. In 2018, Axco's Taxable Capital Employed in Canada was less than $10 million, and its Adjusted Aggregate Investment Income was less than $50,000.