Question
For the taxation year ending December 31, 2021, has the following information: Business Loss $226,000 Canadian Source Interest Income 22,000 Net Taxable Capital Gains 18,000
For the taxation year ending December 31, 2021, has the following information:
Business Loss $226,000
Canadian Source Interest Income 22,000
Net Taxable Capital Gains 18,000
Dividends From Taxable Canadian Corporations 43,000
Allowable Business Investment Loss (ABIL) 32,000
The Company also has a 2019 net capital loss balance of $37,000.
Determine the 2021 non-capital loss for this company and the balance of the 2019 net capital loss after claiming the maximum amount.
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Marketing Research
Authors: David A. Aaker, V. Kumar , George S. Day
8th Edition
047123057X, 9780471230571
