Question: Corporation X has 100 000 in taxable income and Corporation Y

Corporation X has $100,000 in taxable income, and Corporation Y, a manufacturer, has $1 million in taxable income.
a. What is the tax bill for each firm in Ontario?
b. Suppose both firms have identified a new project that will increase taxable income by $10,000. How much in additional taxes will each firm pay? Why aren’t these amounts the same?

View Solution:

Sale on SolutionInn
  • CreatedJune 17, 2015
  • Files Included
Post your question