Solution for QID #20936: BDL is wholly owned by Barbara, a resident of Canada, who al | StudyHelpMe

BDL is wholly owned by Barbara, a resident of Canada, who also owns all of the shares of CCL. Both corporations have a Dec 31 year-end. CCL had both active business income and taxable income of $360,000 for its most recent taxation year. Barbara has decided to allocate as much of the small business limit as is needed to maximize the small business deduction for CCL. Most of BDL's income is from an active business carried on in Canada. The following additional information pertains to BDL:   Recapture of CCA on sale of operating assets 5000 net taxable capital gain (active assets). 6000 charitable donations 3000 Division B net income for tax purposes 360,000   What is the appropriate small business deduction for BDL for 2019?   Calculation and explanation?