Easy Corp., a Canadian public corporation, carries on business in Canada and in United States. The revenue

Question:

Easy Corp., a Canadian public corporation, carries on business in Canada and in United States. The revenue and salaries allocated to the permanent establishment in each location are as follows for the current year:

Easy Corp. has taxable income of $600,000 for the current year.
Determine the federal tax payable for Easy Corp. for the current year. Income tax reference: ITA 123(1), 124(1), 123.4(2); Reg. 402.