Company B, CCPC provides you with the following income date for this fiscal year: ...
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Finance
Company B, CCPC provides you with the following income date for this fiscal year:
Cdn investment $4,000
Foreign investment income: $10,000, before foreign tax paid of $1,000
Canadian dividends: $10,000
Net income: $50,000
Taxes otherwise payable for non- business foreign tax credit calculation purpose: $2,000.
Based on the given information above, this year`s maximum non-business foreign tax credit is?
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