Chat with us, powered by LiveChat Moon Corp., a Canadian public corporation, has cor - Writemia

Moon Corp., a Canadian public corporation, has cor

Moon Corp., a Canadian public corporation, has correctly computed its income (loss) for the current taxation year. Moon Corp. contributed $5,000 to various charities in the current year. Moon Corp. has net capital losses of $15,000 available. These losses were incurred last year. Determine Moon Corp.’s maximum non-capital loss for the current taxation year. Income tax reference: ITA 110.1(1), 111(8), 112(1).

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