Question
Jaffray Inc. is a CCPC that has Taxable Capital Employed in Canada (TCEC) for the prior year of $11 million, and $13.5million for the current
Jaffray Inc. is a CCPC that has Taxable Capital Employed in Canada (TCEC) for the prior year of $11 million, and $13.5million for the current year. The company has Canadian active business income of $535,000, Taxable Income of $435,000, and no foreign income. It is not associated with any other CCPC. What is the current year annual business limit for this company?
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Using QuickBooks Online For Accounting 2022
Authors: Glenn Owen
5th Edition
0357516532, 9780357516539
