Identify sources of income that are generally excluded from Active Business Income. How does Active Business Income
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Question:
- Identify sources of income that are generally excluded from Active Business Income. How does Active Business Income affect the calculation of the Small Business Deduction pursuant to ITA 125(1)?
- The small business deduction is only available to Canadian Controlled Private Corporations (CCPCs). With reference to the definition of a CCPC, what are the key differences that distinguish a CCPC from a "public corporation"?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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