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In 2019. Alberta-based Corporation Growth has $86,000 in taxable income, and Alberta-based Corporation Income has $9,500,000 in taxable income. Use the tax rates from Table

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In 2019. Alberta-based Corporation Growth has $86,000 in taxable income, and Alberta-based Corporation Income has $9,500,000 in taxable income. Use the tax rates from Table 2.7 a. What is the tax bill for each? (Omit $ sign in your response.) Pins Alberta-based Corporation Growth Alberta-based Corporation Income Tax Bill $ $ b. Suppose both firms have identified a new project that will increase taxable income by $17,000. How much additional taxes will each firm pay? (Omit $ sign in your response.) Additional Taxes Firma Alberta-based Corporation Growth Alberta-based Corporation Income $ c. Is this amount the same? Yes No Substantively Enacted' Income Tax Rates for Income Earned by a CCPC2 for 2018 and Beyond-As at March 31, 2018 Active Business Income Small Business Income 2019 and 2018 Beyond 2019 and Beyond 2018 Federal rates General corporate 38.0% 38.0% 38.0% 38.00 rate Federal abatement (100) (100) (100) (1000 25.0 28.0 25.0 230 (180) (190) 0.0 0.0 Small business deduction Rate reduction 0.0 0.0 (13.0) (130) 100 9.0 15.0 15.0 Provincial rates British Columbia 2.0 20% 12 OSE 12.03 Alberta 2.0 2.0 12.0 12.0 Saskatchewan 2.0 20 120 12.0 Manitoba 0.0 0.0 120 120 3.5 3.5 11.5 11.5 Ontario Quebec New Brunswick 10 8.0 SO 11.7 116/11.5 3.0/2.5 23 140 140 Nova Scotia 3.0 3.0 16.0 100

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