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What is the adjusted aggregate amount to be used

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Question - ABC Limited is a Canadian-controlled private corporation operating solely in Ontario. For its taxation year ended December 31, 2020, the company reported the following income under Division B:

Active business income $85,000

Taxable capital gain (non-active) 37,500

Canadian-source interest income 45,000

Taxable portfolio dividends from Canadian-resident public corporations (eligible) 18,750

Income under Division B $186,250

The corporation is carrying forward the following amounts:

Non-capital losses $40,000

Net capital losses (arising in 2015) 52,000

What is the adjusted Aggregate amount to be used in 2021?

A. $82,500

B. $186,250

C. $101,250

D. $85,000

Reference no: EM133049573

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