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What is Sun Co taxable income

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Question - Sun Co. is a Canadian controlled private corporation with active business income of $400,000 in Year 1. The company engages in several commercial activities. Capital gains recognized by the company in Year 1 totaled $50,000. Sun Co. will utilize a net capital loss carry-over of $30,000 on its Year 1 tax return. What is Sun Co.'s taxable income?

Reference no: EM133053836

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