FMT13 Problem: Investment Tax Credit - Researchit Inc.

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FMT13 Problem: Investment Tax Credit - Researchit Inc.

Researchit Inc. has current SR&ED expenditures of $500,000 and capital SR&ED expenditures

of $350,000. Researchit Inc. is a CCPC whose taxable income for the current and preceding tax

years is nil.

Required:

Determine the investment tax credits for Researchit Inc.

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