Clearwater Holdings Ltd. is a CCPC. For the current taxation…
Clearwater Holdings Ltd. is a CCPC. For the current taxation year, it has aggregate investment income of $96,000 and taxable income of $310,000. Of that taxable income, $250,000 is eligible for the Small Business Deduction. What is Clearwater Holdings Ltd.’s additional refundable tax on investment income for the year?