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What is the total of their additional refundable tax

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Reference no: EM132997022

Question - During the year, Segal Inc., a CCPC has the following sources of income:

Allowable capital losses 42,000

Dividends from taxable Canadian corporations 25,000

Taxable capital gains $45,000

Interest on Seasonable Accounts Receivable Balances 3,000

The company has taxable income of $495,000, of which $492,000 was eligible for the small business deduction. What is the total of their Additional Refundable Tax (ART) on Investment Income (ART)?

Reference no: EM132997022

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