CCC Inc. is a Canadian controlled private corporation (CCPC)…

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 restaura…

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?