A CCPC has Taxable Capital Employed in Canada for the 2019 year of $14 million, and $13 million for the 2020 year. The company has Canadian active business income of $420,000, Taxable Income of $385,000, and no foreign income. It is not associated with any other CCPC. What is the 2020 small business deduction 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 million for the 2020 year. The company has Canadian active business income of $420,000, Taxable Income of $385,000, and no foreign income. It is not associated with any other CCPC. What is the 2020 small business deduction for this company?

A CCPC Has Taxable Capital Employed in Canada for the 2019