Corporation ABC, a public company, provides you with the following information for this year.

Taxable Income	$200,000
Revenue	Canada: 90% USA (America): 10%
Salary and Wages	Canada: 80% USA: 20%
Foreign Business Tax Paid to USA	$1,000
USA Business Net Profit before Income Tax paid to the USA.	$100,000
Candian Dividend Income	$20,000
Business Loss Carry Forward from 5 years ago.	$40,000

The Abatement for Part I Tax is $17,200

True

False