Taxable capital is any amount whereby corporate capital exceeds the investment allowance.
What is the capital (main components)?
Taxable capital employed can be calculated as the company's retained earnings and share capital; however, it also includes other adjustments such as the addition of all loans and advances to the company, as well as a host of other add-backs and deductions. Guidance is available on the Revenue Canada web site.
The taxable capital employed in Canada is used to determine the corporation's eligibility as a small . . .
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