Low Tech Inc. is a Canadian-controlled private corporation (CCPC) with 2020 SR&ED expenditures of $885,000. In 2019, the Company's Taxable Capital Employed In Canada was $7 million, Determine their total investment tax credit for 2020 and indicate the amount that would be refundable. O A. The total credit would be $102,750. The refundable amount would be $102,750. OB. The total oredit would be $239,750. The refundable amount would be $239,750. OC. The total credit would be S239,750. The refundable amount would be $102,750. OD. The total credit would be $102,750. The refundable amount would be $102,750.

Low Tech Inc. is a Canadian-controlled private corporation (CCPC) with 2020 SR&ED expenditures of $885,000. In 2019, the Company's Taxable Capital Employed In Canada was $7 million, Determine their total investment tax credit for 2020 and indicate the amount that would be refundable. O A. The total credit would be $102,750. The refundable amount would be $102,750. OB. The total oredit would be $239,750. The refundable amount would be $239,750. OC. The total credit would be S239,750. The refundable amount would be $102,750. OD. The total credit would be $102,750. The refundable amount would be $102,750.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter25: Taxation Of International Transact Ions

Section: Chapter Questions

Problem 32P

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