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Business, 22.08.2020 18:01 backkennedi

Ali Ltd., a private corporation, received non-eligible dividends from Dee Ltd. and Xavier Ltd. during its year ended December 31, 2018. Dee Ltd. Xavier Ltd.
Amount of dividend
received by Ali Ltd. $45,000 $75,000
Percentage of shares
owned by Ali Ltd.
(votes and value) 66% 9%
Dividend refund received
by the payer of the
dividend $25,000 $300,000
Ali Ltd. and Xavier Ltd. are not related. All three are taxable Canadian corporations. Which one of the following amounts is the Part IV tax payable by Ali Ltd.?
a. $46,000.
b. $36,800.
c. $43,500.
d. $45,250.

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