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Identify sources of income that are generally excluded from Active Business Income. How does Active Business Income affect the calculation of the Small Business Deduction
- Identify sources of income that are generally excluded from Active Business Income. How does Active Business Income affect the calculation of the Small Business Deduction pursuant to ITA 125(1)?
- The small business deduction is only available to Canadian Controlled Private Corporations (CCPCs). With reference to the definition of a CCPC, what are the key differences that distinguish a CCPC from a "public corporation"?
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Solution Sources of income that are generally excluded from Active Business Income ABI include 1 Investment income Income from investments such as div...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
