What is amount of taxable income is eligible

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Problem

Coffee Kraze is a Canadian-controlled private corporation (CCPC) that sells extra caffeinated coffee in Vancouver. The company had Taxable Capital Employed in Canada of $14 million for the 2023 year and $13.5 million for the 2024 year. In 2024, the company has Canadian active business income of $535,000, Taxable Income of $435,000, and no foreign-sourced income. Get the instant assignment help. The company is not associated with any other CCPC. What is amount of taxable income in 2024 that is eligible for the small business deduction?

Reference no: EM133921055

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