The Business Limit relates to income tax deductions available to Canadian corporations when filing Canadian corporate tax with the Canada Revenue Agency (CRA). The Business Limit is a set dollar amount that defines a cap on the amount of Small Business Deduction (SBD) a Canadian corporation may receive.
Original Article Source Credits: The Balance Small Business , https://www.thebalancesmb.com/
Article Written By : SUSAN WARD
Original Article Posted on : April 08, 2020
Link to Original Article: https://www.thebalancesmb.com/the-small-business-deduction-business-limit-in-canada-2948063