Which of the following statements with respect to the small business deduction is correct?

	1.	Interest or rents earned by a Canadian controlled private company are not eligible for the small business deduction.
	2.	If the company has no associated companies, its annual business limit will always be $500,000.
	3.	A Specified Investment Company is a Canadian controlled private corporation whose primary purpose is earning property income and that has less than 5 full-time employees.
	4.	As long as the controlling shareholders of a corporation are residents of Canada for at least part of the year, the corporation will be considered a Canadian controlled private corporation.