Tangent Inc. is a CCPC. Its active business income is $120,000 and its taxable income is $150,000. The fiscal year end is Dec 31, 2022. Tangent Inc. is associated with another corporation. Both corporations agreed to share the business limit. SBD share for Tangent is 20%. 

Calculate the small business deduction of Tangent Inc. for current year.

Answer rating: 100% (QA)

To calculate the small business deduction SBD for Tangent Inc we first need to determine the busines... View the full answer