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Which of the following amounts is the maximum general rate

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Question - The following information relates to Excel Gum Inc, a CCPC, with a year ended December 31, 2018.

Active business income earned in Canada $475,000

Net income, Division B 550,000

Taxable income 545,000

Excel Gum Ltd. is not associated with any other corporation. Excel Gum Ltd. did not earn any foreign business income nor any investment income. Excel Gum Ltd.'s taxable capital is well below $10 million. Which of the following amounts is the maximum general rate reduction for the year ending December 31, 2018:

a. $9,100

b. $59,735

c. $5,850

d. $70,850

Reference no: EM132605233

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