What was your favorite lab? And why?

Name the structure as indicated by the blue arrow.

Name the hormone secreted by the cell at the pointer.

CCC Inc. is a Canadian controlled private corporation (CCPC). In its 2024 taxation year, CCC Inc. made charitable donations of $13,000. It has unused charitable donations from 2023 of $2,000. CCC Inc.’s net income for 2024 consisted of $91,000 of active business income, $10,000 of taxable dividends from taxable Canadian corporations and a rental loss of $84,000. The maximum charitable donation deduction for CCC Inc. in the current year is:

A Ltd. is a CCPC that operates a chain of fast-food restaurants. In its most recent taxation year, the Company reported the following: Active business income eligible for the SBD $200,000 Taxable capital gains Nil Foreign investment income 55,000 Investment income earned in Canada 45,000 Net Income $300,000 Taxable Income $250,000 The Company paid no foreign income tax on its foreign investment income. A Ltd. is not associated with any other corporations. None of the investment income earned is from the receipt of taxable dividends.Which one of the following amounts represents the refundable portion of Part I tax?

If a U.S. resident earns less than $10,000 in Canadian employment income in Canadian dollars, the employment income will not be subject to Part I income tax even if the income is paid by a Canadian business that deducts the amounts.

Medtech Inc. is a CCPC that uses a calendar-based taxation year ending December 31. On January 1, 2024, the balance in the Company’s Non-Eligible RDTOH account is $17,445 and the balance in its Eligible RDTOH and GRIP accounts are both nil.Medtech’s 2024 taxable income is $456,250. and its 2024 Part I tax payable is $82,506. The company has no foreign income in 2024 and no loss carryovers claimed in determining its taxable income.The Company’s 2024 net income includes the following amounts of taxable capital gains and income from property:Taxable Capital Gains $43,730Eligible Dividends from Canadian Public corporations 26,560Rental Income from a Residential Property 14,760Non-eligible dividends – Connected Company (See Note) 77,700Note – The non-eligible dividends were received from Medcare, another CCPC in which Medtech owns 42% of the voting shares. The voting shares of Medcare owned by Medtech represent 27% of the value of all of the corporation’s shares. Medcare was entitled to a dividend refund of $20,386 for its 2024 taxation year.Medtech is associated with four other corporations. The 2024 small business limit for the SBD is shared equally by Medtech and these four other corporations. The $100,000 allocation is significantly less than the Company’s active business income in 2024.Medtech Inc. paid taxable dividends of $66,560 in 2024. It is the policy of the corporation to designate dividends as eligible only to the extent that they are entitled to a dividend refund.In 2023, Medtech and its associated corporations had combined Adjusted Aggregate Investment Income (AAII) of $32,400 and combined Taxable Capital Employed in Canada (TCEC) was $2,300,000.Required:Determine the refundable portion of Medtech’s Part I Tax for 2024. Determine Medtech’s 2024 Part IV Tax. Determine the December 31, 2024 balances in Medtech’s Eligible and non-eligible RDTOH accounts. Determine Medtech’s 2024 dividend refund, providing separate amounts for refunds on eligible dividends and non-eligible dividends.

Schumann Inc. is a CCPC that has the following information for the current year:Canadian active business income $140,000Taxable dividend from a taxable Canadian corporation 15,000Aggregate investment income 60,000Taxable income 200,000Income eligible for the SBD 140,000Part I tax for the year 21,900The refundable portion of Part I tax for the year is equal to:

Danforth Inc. is a CCPC. It has 2024 taxable income of $262,000, all of which is active business income earned in Canada. Of this amount, $201,000 results from M&P activity. As it is associated with two other corporations, its 2024 share of the annual business limit is $117,000. Determine the Company’s 2024 federal income tax payable. Include in your solution any M&P deduction available. Assume that the combined 2023 TCEC and 2023 AAII for all associated corporations is below the thresholds for the SBD reductions.

During the current year, Robert Langois disposes of several properties. The POD and the ACB of these properties are as follows:   Adjusted Proceeds Of   Cost Base (ACB) Disposition (POD) Collector Car $45,000 $61,000 Marble Sculpture 800 13,000 Antique Furniture 21,000 12,000 Stamp Collection 50,500 26,000 What are the income tax consequences of the dispositions?