DDD Ltd. is a private corporation with a fiscal year ending on December 31. It is solely owned by Donald Darwin Dorsey who was a Canadian resident until November 1, 2020. On November 1 he left Canada permanently and became a resident of the U.S. During 2020, DDD Ltd. had the following:
What is the maximum small business deduction for DDD Ltd. for 2020?
A) Nil
B) $27,645
C) $34,903
D) $29,982
Correct Answer:
Verified
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