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Company B, a CCPC provides you with the following income data for this fiscal year: Cdn Investment : $4,000 Foreign Investment Income: $10,000, before foreign
Company B, a CCPC provides you with the following income data for this fiscal year:
Cdn Investment : $4,000
Foreign Investment Income: $10,000, before foreign tax paid of $1,000 Canadian Dividends: $10,000
Taxes otherwise payable for Non-Business Foreign Tax credit calculation purposes: $2,000
Net Income: $50,000
Based on the given information above, This year's maximum non-business foreign tax credit is?
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