For the 2023 taxation year, Cornish Inc., a CCPC, has net income of $ 667 comma 200. This is made up of $ 625 comma 400 of active business income earned in Canada and $ 41 comma 800 of taxable dividends from various Canadian public companies. It has been determined that $ 423 comma 300 of the active business income qualifies as M&P profits. In 2023, the company makes charitable donations to registered charities totalling $ 47 comma 100. At the beginning of 2023, the company has a 2021 non-capital loss balance of $ 60 comma 800. It intends to claim all of this balance in the 2023 taxation year. Cornish Inc. is associated with three CCPCs. The companies have agreed that each will claim one-quarter of the annual business limit. The combined TCEC of the four associated companies is less than $10 million in both the 2022 and 2023 taxation years. The combined AAII of the four companies was $ 26 comma 000 in 2022 and $ 58 comma 000 in 2023