ABC Corp. has permanent establishments in Alberta, British Columbia, and the United States. Gross revenues and Salaries
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Question:
ABC Corp. has permanent establishments in Alberta, British Columbia, and the United States. Gross revenues and Salaries and wages are as follows:
| Gross Revenue | Wages and Salaries | ||
| Alberta | $5,000,000 | $3,000,000 | |
| British Columbia | 4,000,000 | 3,000,000 | |
| United States | 3,000,000 | 2,000,000 |
ABC Corp. had Taxable Income for the year of $100,000. What is the Federal Tax Abatement amount that may be deducted?
Expert Answer:
Federal Tax Abatement will be maximum of 10 of taxable income earned in the year in Canadian Provinc... View the full answer
Related Book For 
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date:
