Excess tax credit: The corporate tax rate in Canada is 30% and the withholding...
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Accounting
Excess tax credit:
The corporate tax rate in Canada is 30% and the withholding dividend tax rate is 8%. If Home-depot generates $10,000 of taxable income in Canada and wants to repatriate or bring it to the Us, what is the excess tax credit calculation? [hint: use the FTC scheme clauses applicable to this calculation]
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