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What is the maximum small-business deduction

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Question - Jonathan owns 100% of Carweb.com Ltd. and owns 100% of Taxman Inc. Hence, they are associated. Jonathan owns 10% of Internet Housefind Ltd., which is not an associated company. Each of the three corporations has at least $500,000 of active business income earned in Canada. What is the maximum small-business deduction combined (i.e., total combined SBD deduction of all three companies) that the three corporations can claim on corporate income?

a) $0

b) $500,000

c) $800,000

d) $1,000,000

Reference no: EM132612831

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