What amount of aggregate investment income will be included


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?

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Taxation: What amount of aggregate investment income will be included
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