Aspen Digital Ltd. and Birch Systems Ltd. are associated Can…

Written by Anonymous on August 11, 2026 in Uncategorized with no comments.

Questions

Aspen Digitаl Ltd. аnd Birch Systems Ltd. аre assоciated Canadian-cоntrоlled private corporations. For the current taxation year: • The associated group has a $500,000 business limit available for allocation. • The corporations allocate $320,000 of the business limit to Aspen Digital Ltd. • Aspen earns $410,000 of active business income carried on in Canada. • Aspen has taxable income of $365,000 before claiming the small business deduction. • As a result of the applicable business-limit grind, Aspen's allocated business limit is reduced by $40,000. What is the maximum amount of Aspen Digital Ltd.'s income that may qualify for the small business deduction?

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