Mr. YorkeYorke is the sole owner of Aquebogue Ltd. and Brookville Inc. Mr. YorkeYorke also owns 12%
Fantastic news! We've Found the answer you've been seeking!
Question:
Mr. YorkeYorke is the sole owner of Aquebogue Ltd. and Brookville Inc. Mr. YorkeYorke also owns 12% of the shares of Centre Ltd., which is not an associated company. All three corporations are CCPCs, and each has at least $630,000 of active business income earned in Canada.
What is the total amount of income eligible for the SBD when the income of all three corporations are considered?
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date: