Q1. Which of the following special deductions from income does not apply to a corporation?

A.The application of the capital gain deduction against gains from the sale of qualified small business corporation shares

B. Charitable donations

C Loss carry -overs

D. Dividends received from other taxable Canadian corporations

Q2. During 2020, Curran Ltd, a public corporation, has net income for tax purposes of $600,000, including $100,000 of dividend from taxable Canadian corporations and $500,000 of retailing profits .

It made $200,000 of charitable donations during the year. Income earned in a province was 90%. What is Curran Ltd's taxable income for the year?

A.$500,000

B.$600,000

C.$400,000

D.$300,000