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Halifax Corporation, a CCPC, had taxable income of $450,000 in its fiscal year ending December...

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Accounting

Halifax Corporation, a CCPC, had taxable income of $450,000 in its fiscal year ending December 31, 2019. In calculating its taxes owing, the company received a small business deduction of $50,350, and an M&P deduction of $13,000. What is the amount of Halifax Corporations General Rate Reduction? A. Nil B. $11,050. C. $45,500. D. $58,500.

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