Problem
You have been provided with the following information for Parthenon Ltd. for its current taxation year:
|
Taxable capital gains realized
|
25,000
|
|
Foreign dividends received
|
8,600
|
|
Canadian dividends received
|
10,900
|
|
Net capital loss carryover used in the year
|
4,600
|
|
Non-capital loss carryover used in the year
|
10,200
|
|
Foreign business income earned
|
28,700
|
What amount of aggregate investment income (AII) will be included in Parthenon's net and taxable income in the year?