Determine xs small business deduction

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Reference no: EM133542160

Question: X Ltd. has net income for tax purposes of $110,000 and taxable income of $100,000. The net income includes $10,000 of taxable Canadian dividends, $9,000 taxable capital gains, and $6,000 interest income. X Ltd. and Y Ltd. are associated and Y claimed the small business deduction on $220,000 of active business income. Determine X's small business deduction.

Reference no: EM133542160

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