Bob Graham owns 100% of a number of CCPCs which have an April 30 year-end. In planning for his 2023 year-end, he expects the associated CCPCs he owns will have prior year taxable capital employed in Canada of $40 million, and prior year adjusted aggregate investment income will be $100,000. How much will the total business limit be for his associated group of corporations in 2023.

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Ans To calculate the total business limit for a Canadiancontrolled private corporation CCPC and its ... View the full answer