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Sky Company is a CCPC with the following amounts in the current year: Interest income from Canadian sources of $23,000 Dividend income received from taxable
Sky Company is a CCPC with the following amounts in the current year: Interest income from Canadian sources of $23,000 Dividend income received from taxable Canadian corporations of $13,000 Net rental loss of $1,450 Foreign dividend income received from US public companies of $17,500 (CAN) Net taxable capital gains of $11,250 During the current year, Sky Company utilized a net capital loss carryover from the previous year of $8,000. The correct amount of aggregate investment income for Sky Company in the current year is: Choose the correct answer. O A. $42,300 B. $43,750 C. $63,300 OD. $55,300
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