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  3. 1. the small business deduction is only available

1. The small business deduction is only available to Canadian Controlled Private Corporations (CCPCs). With...

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Accounting

1. The small business deduction is only available to Canadian Controlled Private Corporations (CCPCs). With reference to the definition of a CCPC, what are the key differences that distinguish a CCPC from a "public corporation"?

2. Identify sources of income that are generally excluded from Active Business Income. How does Active Business Income affect the calculation of the Small Business Deduction pursuant to ITA 125(1)?

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