Bright Company is a CCPC with the following amounts in the current year: Interest income...
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Bright Company is a CCPC with the following amounts in the current year: • Interest income from Canadian sources of $26,500 • Dividend income received from taxable Canadian corporations of $14,750 • Net rental loss of $1,400 • Foreign dividend income received from US public companies of $20,000 (CANS) • Net taxable capital gains of $15,100 During the current year, Bright Company utilized a net capital loss carryover from the previous year of $9,000. The correct amount of aggregate investment income for Bright Company in the current year is: Bright Company is a CCPC with the following amounts in the current year: • Interest income from Canadian sources of $26,500 • Dividend income received from taxable Canadian corporations of $14,750 • Net rental loss of $1,400 • Foreign dividend income received from US public companies of $20,000 (CANS) • Net taxable capital gains of $15,100 During the current year, Bright Company utilized a net capital loss carryover from the previous year of $9,000. The correct amount of aggregate investment income for Bright Company in the current year is:
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date:
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