A CCPC has Taxable Capital Employed in Canada for the 2019 year of $14 million, and $13.5 million for the 2020 year. The company has Canadian active business income of $535,000, Taxable Income of $435,000, and no foreign income. It is not associated with any other CCPC. What is the 2020 annual business limit reduction for this company?

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The Answer of A CCPC has Taxable Capital Employed in Canada for the 2019 year of $14 million, and $13.5 million for the 2020 year. The company has Canadian active business income of $535,000, Taxable Income of $435,000, and no foreign income. It is not associated with any other CCPC. What is the 2020 annual business limit reduction for this company?

A CCPC Has Taxable Capital Employed in Canada for the 2019