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Need help quickly In 2020, XYZ Ltd., a Canadian-controlled private corporation (CCPC), earns rental income of $78,000 and $2,000 interest income, using a staff of
Need help quickly
In 2020, XYZ Ltd., a Canadian-controlled private corporation (CCPC), earns rental income of $78,000 and $2,000 interest income, using a staff of 4. An associated corporation has used $15,000 of the annual small business deduction (SBD) limit. What amount can the CCPC claim for the SBD? O A. $0 B. $12,350 O C. $11,970 O D. $14,820Step by Step Solution
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