The manufacturing and processing profits deduction is ___________ Question content area bottom Part 1 A. a special
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Question:
The manufacturing and processing profits deduction is ___________
Question content area bottom
Part 1
A.
a special deduction that provides tax assistance to organizations involved in manufacturing and processing activities.
B.
a special deduction in taxes available to Canadian controlled private corporations earning active business income in excess of the annual business limit.
C.
available for any corporation that derives 50% or more of its Canadian active business gross revenues from Canadian manufacturing or processing activities.
D.
calculated based on a corporation's manufacturing and processing profits less income aggregate investment income.
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date: