Gander Limited is a Canadian controlled private corporation. In the current taxation year, the company has Taxable Income calculated as follows: The company earned foreign non-business income of $25,000, from which tax of $2,500 was withheld by the foreign government. What is the Adjusted Division B Income for Gander Limited for the current taxation year?

Question

Gander Limited is a Canadian controlled private corporation. In the current taxation year, the company has Taxable Income calculated as follows:  The company earned foreign non-business income of $25,000, from which tax of $2,500 was withheld by the foreign government. What is the Adjusted Division B Income for Gander Limited for the current taxation year?

Quizplus · Accepted Answer

The Answer of Gander Limited is a Canadian controlled private corporation. In the current taxation year, the company has Taxable Income calculated as follows:  The company earned foreign non-business income of $25,000, from which tax of $2,500 was withheld by the foreign government. What is the Adjusted Division B Income for Gander Limited for the current taxation year?

Gander Limited Is a Canadian Controlled Private Corporation