Number Font Alignment Clipboard 119 M N K G H B D 1 2 3 4 5 6 7 Cats Inc is large Canadian controlled private corporation (CCPC) Seventy eight percent (78%) of the business is done in Ontario, 175% in British Taxable income for the 2019 tax year was determined to be $1,265,000, with all but $130,000 of this consisting of Canadian active income The $1 Cats is associated with three other companies. The four companies split the annual business imit equally Neither Cats, nor any of its associated companies, have any Adjusted Aggregate Iwestment Income for all years under consideration Assume that Cats' tax credit will be equal to the amount of foreign taxes paid Required Calculate Cats' minimum federal Part 1 Tax Payable for the year ending December 31, 2019 8 9 10 11 12 14 15 16 17 18 19 20 21 22 Q3 04 OS 01 22 Instructions Number Font Alignment Clipboard 119 M N K G H B D 1 2 3 4 5 6 7 Cats Inc is large Canadian controlled private corporation (CCPC) Seventy eight percent (78%) of the business is done in Ontario, 175% in British Taxable income for the 2019 tax year was determined to be $1,265,000, with all but $130,000 of this consisting of Canadian active income The $1 Cats is associated with three other companies. The four companies split the annual business imit equally Neither Cats, nor any of its associated companies, have any Adjusted Aggregate Iwestment Income for all years under consideration Assume that Cats' tax credit will be equal to the amount of foreign taxes paid Required Calculate Cats' minimum federal Part 1 Tax Payable for the year ending December 31, 2019 8 9 10 11 12 14 15 16 17 18 19 20 21 22 Q3 04 OS 01 22 Instructions