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Terry owns 1 0 0 % of IBM Ltd and 1 0 0 % of both EFG Inc. and MBA Inc. respectively hence they are
Terry owns of IBM Ltd and of both EFG Inc. and MBA Inc. respectively hence they are all associated. Terry also owns of Apple Ltd and XYZ Ltd which the first one is associated and the second is not associated companies. Each of the five corporations has $ of active business income earned in Canada.
What is the maximum combined corporate income on which the five corporations can claim the small business deduction?
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