The manufacturing and processing profits deduction is ___________

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Part 1

A.

a special deduction that provides tax assistance to organizations involved in manufacturing and processing activities.

B.

a special deduction in taxes available to Canadian controlled private corporations earning active business income in excess of the annual business limit.

C.

available for any corporation that derives 50% or more of its Canadian active business gross revenues from Canadian manufacturing or processing activities.

D.

calculated based on a corporation's manufacturing and processing profits less income aggregate investment income.