Question
C Ltd. is a Canadian-controlled private corporation which distributes plastic bottles. The following information relates to its year ended December 31, 2021. Active business income
C Ltd. is a Canadian-controlled private corporation which distributes plastic bottles. The following information relates to its year ended December 31, 2021. Active business income earned in Canada =$510, 000, Net income, Division B=560, 000,Taxable income=540, 000, B Ltd. is not associated with any other corporation. C Ltd. did not earn any foreign business income nor any investment income. C Ltd.s taxable capital is well below $10 million. Which of the following amounts is the maximum general rate reduction for the December 31, 2021 year:
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, Kung Chen, Thomas Lin
1st Edition
0070059160, 978-0070059160
