Small Business Deduction
1 Claimed by CCPC
2 Active Business Income only
3 17% on federal tax
4 It applies to the first $500000 of the income
5 Eligible corporation:
considered to be small business if taxable capital is under $10 million
taxable capital: S/H equity + loans + advances - certain types of investment
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1 Claimed by CCPC
2 Active Business Income only
3 17% on federal tax
4 It applies to the first $500000 of the income
5 Eligible corporation:
considered to be small business if taxable capital is under $10 million
taxable capital: S/H equity + loans + advances - certain types of investment
6
7
8
9
10
11
12
13
14
15
16
17