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Ex Ltd., a Canadian-controlled private corporation, received a non-eligible taxable dividend of $90,000 from its Canadian subsidiary Little Ex Ltd. The subsidiary had paid a

Ex Ltd., a Canadian-controlled private corporation, received a non-eligible taxable dividend of

$90,000 from its Canadian subsidiary Little Ex Ltd. The subsidiary had paid a total dividend of

$120,000 and had received a dividend refund of $18,000.

Compute the Part IV tax payable by Ex Ltd

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