Question: Danforth Inc. is a CCPC . It has 2 0 2 4 taxable income of $ 2 6 2 , 0 0 0 , all

Danforth Inc. is a CCPC. It has 2024 taxable income of $262,000, all of which is active business income earned in Canada. Of this amount, $201,000 results from M&P activity. As it is associated with two other corporations, its 2024 share of the annual business limit is $117,000. Determine the Company's 2024 federal income tax payable. Include in your solution any M&P deduction available. Assume that the combined 2023 TCEC and 2023 AAII for all associated corporations is below the thresholds for the SBD reductions.
CCPC

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