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Kat Co. (a CCPC) reported a net income for tax purposes of $800,000 in Year 1. In Year 1, Kat Co. made a contribution
Kat Co. (a CCPC) reported a net income for tax purposes of $800,000 in Year 1. In Year 1, Kat Co. made a contribution of $25,000 to eligible charities and received $30,000 in non-eligible dividends from a connected taxable Canadian corporation. What is Kat Co.'s taxable income in Year 1?
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
