A Canadian-controlled private corporation (CCPC), entitled to the small business deduction (SBD) on all its...
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Accounting
A Canadian-controlled private corporation (CCPC), entitled to the small business deduction (SBD) on all its income, pays taxes at 20%, on taxable income of $10,000. All the after-tax income would be paid to the sole shareholder as a dividend in 2021. What would be the amount of the taxable dividend to the shareholder? Multiple Choice $8,000 $9,000 $9,200 $11,040
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