Question
CCPC has Taxable Capital Employed in Canada for the 2020 year of $13 million, and $14 million for the 2021 year. The company has Canadian
CCPC has Taxable Capital Employed in Canada for the 2020 year of $13 million, and $14 million for the 2021 year. The company has Canadian active business income of $450,000, Taxable Income of $365,000, and no foreign income. It is not associated with any other CCPC. What is the 2021 annual business limit reduction for this company?
| $200,000. | ||
| $350,000. | ||
| $300,000. | ||
| $400,000. |
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Practical Guide To Accountancy
Authors: Ajit Kumar Chattopadhyay, Amalendu Mukhopadhyay
1st Edition
1642874264, 9781642874266
