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  3. jonathan owns 100% of carweb.com ltd. and owns 100

Jonathan owns 100% of Carweb.com Ltd. and owns 100% of Taxman Inc. Hence, they are...

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Accounting

Jonathan owns 100% of Carweb.com Ltd. and owns 100% of Taxman Inc. Hence, they are associated. Jonathan owns 10% of Internet Housefind Ltd., which is not an associated company. Each of the three corporations has at least $500,000 of active business income earned in Canada. What is the maximum small business deduction combined (i.e., total combined SBD deduction of all three companies) that the three corporations can claim on corporate income?

(a) $0 (b) $500,000 (c) $800,000 (d) $1,000,000

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