Question: Sebago Tech Inc. is a CCPC with 2023 SRED current expenditures of $438,000. The company has had no taxable income for the current taxation year

Sebago Tech Inc. is a CCPC with 2023 SRED current expenditures of $438,000. The company has had no taxable income for the current taxation year or any of the three preceding taxation years. The company had taxable capital employed in Canada (TCEC) of $8,350,000 for 2022. Determine the total investment tax credit for the year and the refundable portion

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