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In 2022, Norton Tools Ltd. has net taxable capital gains of $45,000, receives taxable dividends from taxable Canadian corporations of $34,000, and earns interest
In 2022, Norton Tools Ltd. has net taxable capital gains of $45,000, receives taxable dividends from taxable Canadian corporations of $34,000, and earns interest income of $21,000. Taxable Income for the year equals $280,000, of which $210,000 is eligible for the SBD. The Company's ART for 2022 is equal to:
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
