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What is the amount of abc ltd general rate reduction

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Question - ABC Ltd, a CCPC, had taxable income of $450,000 and no investment income in its fiscal year ending December 31, 2020. In calculating its taxes owing, the company received a small business deduction of $50,350. What is the amount of ABC Ltd's General Rate Reduction for the year 2020?

Reference no: EM133037093

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