Sperry Inc. is a CCPC. This year Sperry Inc.'s information is: Canadian active business income $140,000 Taxable
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Question:
Sperry Inc. is a CCPC. This year Sperry Inc.'s information is:
Canadian active business income $140,000
Taxable dividend from a taxable Canadian corporation 15,000
Aggregate investment income 60,000
Division C 200,000
Income eligible for the SBD 140,000
Part I tax for the year 21,900
What is Sperry Inc.'s refundable portion of Part I tax for the year?
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