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What is the minimum taxable income for blue skies

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Blue Skies Ltd. had the following sources of income and deductions for the current year. As well, it has a net capital loss carryover from two years ago of $4,000. Dividend from taxable Canadian corporation $ 45,000 Capital gain on sale of land and building 6,000 Business income per financial statements 350,000 Charitable donations deducted in determining business income above 5,000 What is the minimum taxable income for Blue Skies for the year?

Reference no: EM132407004

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