based on canadian tax

Question 2 (18 marks - show calculations) A CCPC's 2020 Division B is $475,000, made up of active business income $360,000 and $115,000 of Adjusted Aggregate Investment Income. For 2019, the company's Adjusted Aggregate Investment Income was $84,000. The CCPC will deduct a non-capital loss carry forward of $75,000 to arrive at Division C income. This CCPC is associated with another CCPC and is sharing of the annual small business deduction limit. This CCPC has $375,000 of the small business deduction to use. The associated CCPC did not have Adjusted Aggregate Investment Income (All) for 2019 and 2020. Required: For the two separate independent cases below, determine this CCPC's small business deduction for 2020, assuming that the combined Taxable Capital Employed In Canada (TCEC) used by it and its associated CCPC was: Independent Case 1 - $11,000,000 for 2020 and $14,500,000 for 2019. - Independent Case 2 - $13,500,000 for 2020 and $10,800,000 for 2019. Question 2 (18 marks - show calculations) A CCPC's 2020 Division B is $475,000, made up of active business income $360,000 and $115,000 of Adjusted Aggregate Investment Income. For 2019, the company's Adjusted Aggregate Investment Income was $84,000. The CCPC will deduct a non-capital loss carry forward of $75,000 to arrive at Division C income. This CCPC is associated with another CCPC and is sharing of the annual small business deduction limit. This CCPC has $375,000 of the small business deduction to use. The associated CCPC did not have Adjusted Aggregate Investment Income (All) for 2019 and 2020. Required: For the two separate independent cases below, determine this CCPC's small business deduction for 2020, assuming that the combined Taxable Capital Employed In Canada (TCEC) used by it and its associated CCPC was: Independent Case 1 - $11,000,000 for 2020 and $14,500,000 for 2019. - Independent Case 2 - $13,500,000 for 2020 and $10,800,000 for 2019