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Carole owns 100% of Carole Inc, and her spouse Carl owns 100% of Carl Inc (both CCPCs). Carole is considering purchasing 30% of the common

 Carole owns 100% of Carole Inc, and her spouse Carl owns 100% of Carl Inc (both CCPCs). Carole is considering purchasing 30% of the common shares of Carl Inc. Explain to Carole how this transaction might affect the income tax payable for the two corporations, with brief reference to any appropriate tests.

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