Describe the and income tax consequences

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Reference no: EM133472277

Case: In 2021?, Buxton Inc. pays eligible salaries to 10 eligible apprentices. The total amount is ?, with five apprentices paid each and five apprentices paid each. In? addition, on December? 10, ?, Inc. acquires in Class 10 depreciable property on which a? 10% investment tax credit is available. Assume that the investment tax credits available will be deducted against federal income tax payable in the taxation year in which they are earned.

Required: Describe the and income tax consequences associated with the expenditures and claiming the related investment tax credits. Include in your solution the CCA for and for Case C.

Reference no: EM133472277

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