Hesla Inc. Has the following information for its 2023 tax year ended December 31, 2023. 60% of sales were earned and 50% of wages incurred in the Ontario permanent establishment 30% of sales were earned and 30% of wages incurred in the Nova Scotia permanent establishment 10% of sales were earned and 20% of wages incurred in the Dallas, Texas USA permanent establishment 

Assuming a taxable income of $ 1,500,000, calculate the federal tax abatement for the company for its 2023 taxation year.

Answer rating: 100% (QA)

The federal tax abatement also known as the small business deduction is a tax benefit ... View the full answer