The Chapman Company had net income for the taxation year ending December 31st, 2022, of $263,000. This amount included $14,250 in taxable capital gains, as well as $14,200 in taxable dividends received from taxable Canadian corporations. Also during 2022, the company made donations to registered charities of $8,600. At the beginning of the 2022 taxation year, the company had a 2019 non-capital loss balance of $82,000, as well as a 2020 net capital loss balance of $18,000. Determine the company's minimum taxable income for the 2022 taxation year and the amount and type of any carry forwards available for carry over tom other taxation years ?

Answer rating: 100% (QA)

To determine the Chapman Companys minimum taxable income for the 2022 taxation year and the availabl... View the full answer