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Unformatted text preview: - one or more public corporations or- any combination thereof. Q28. (a) Expenditures are eligible only if undertaken directly in support of basic or applied research or eligible development activities. Q29. (c) Amos Dans and his brother are a group that control both A Ltd. (55%) and B Ltd. (65%). Therefore, A Ltd. and B Ltd. are associated par. 256(1)( b ). Q30. (a) RDTOH, beginning of year $25,000 less: dividend refund for preceding year $15,000 x 1/3 (5,000) add: refundable portion of Part I tax 10,000 Part IV tax payable-RDTOH, end of year $30,000 Q31. (a) Undeducted R&D pool $300,000 2008 ITC (140,000 ) $160,000 Q32. (c) Personal services income....
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This note was uploaded on 02/05/2011 for the course ACTG 4720 taught by Professor Gaildrory during the Winter '11 term at York University.
- Winter '11