Set 6 Div C deductions - corp

Question 1

Restriction on charitable donations deduction - carryforward

Answer 1

75% of NIFTP. 5 years.

Question 2

Non Capital Loss - income used against and rules

Answer 2

any type of income. 3 and 20.

Question 3

Net Capital Loss - income used against and rules

Answer 3

TCG. 3 and unlimited.

Question 4

ABIL - income used against and rules

Answer 4

any income. 3 and 10, then converted to net capital loss if not used.