Low Tech Inc. is a Canadian-controlled private corporation (CCPC) with 2020 SR&ED expenditures of $885,000. In 2019, the Company's Taxable Capital Employed In Canada was $7 million, Determine their total investment tax credit for 2020 and indicate the amount that would be refundable. O A. The total credit would be $102,750. The refundable amount would be $102,750. OB. The total oredit would be $239,750. The refundable amount would be $239,750. OC. The total credit would be S239,750. The refundable amount would be $102,750. OD. The total credit would be $102,750. The refundable amount would be $102,750.
Low Tech Inc. is a Canadian-controlled private corporation (CCPC) with 2020 SR&ED expenditures of $885,000. In 2019, the Company's Taxable Capital Employed In Canada was $7 million, Determine their total investment tax credit for 2020 and indicate the amount that would be refundable. O A. The total credit would be $102,750. The refundable amount would be $102,750. OB. The total oredit would be $239,750. The refundable amount would be $239,750. OC. The total credit would be S239,750. The refundable amount would be $102,750. OD. The total credit would be $102,750. The refundable amount would be $102,750.
Chapter25: Taxation Of International Transact Ions
Section: Chapter Questions
Problem 32P
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