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Twin Valley Corp. is a Canadian-controlled private corporation. It owns a non-controlling interest in a number of other taxable Canadian corporations and a few


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Twin Valley Corp. is a Canadian-controlled private corporation. It owns a non-controlling interest in a number of other taxable Canadian corporations and a few government bonds. In addition to its active business income, Twin Valley received $22,000 in dividends and $10,000 in interest from its portfolio investments. All of the investment income received was retained within the company. To what type of tax would Twin Valley be subject?

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