Question
B Inc. has net income of $40,000 for the current year, including dividends received from taxable Canadian corporations of $3,000 and taxable capital gains of
B Inc. has net income of $40,000 for the current year, including dividends received from taxable Canadian corporations of $3,000 and taxable capital gains of $5,000. B Inc. donated $35,000 to a registered charity during the year. B Inc. has net capital losses of $6,000 incurred last year. What is B Inc.s minimum taxable income for the current year?
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
