Question: the drop down options are applicable to every question For each of the following terms related to a corporation's federal tax payable match it to

 the drop down options are applicable to every question For eachthe drop down options are applicable to every question

For each of the following terms related to a corporation's federal tax payable match it to the best definition of that term. Choose Choose.. General rate reduction Aggregate investment income Canadian controlled private corporation Choose Choose Annual business Imit Private corporation Choose.. Choose A deduction that is designed to reduce the federal corporate tax rate fo 15% A corporation controlled by Canadian residents that does not have any shares listed on a designated stock exchange Net taxable capital gains less any net capital losses claimed plus interest Income and rents Maximum amount of active business income that is eligible for the small business deduction in a year A deduction that is designed to reduce the federal corporate tax rate to 13% Net taxable capital gains less any net capital losses claimed less interest income and rents. A corporation controlled by Canadian citizens living abroad that does not have any shares listed on a designated stock exchange. Maximum amount of income that is eligible for the small business deduction in a year -page

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!