1. Fracto Inc. is part of a group of associated companies. It has been agreed that Fracto Inc. will be allocated $100,000 of the group's annual business limit for purposes of determining the SBD.
2. At January 1, 2021, Fracto Inc. had an Eligible RDTOH balance of $12,000 and a nil balance in its Non-Eligible RDTOH.
3. At January 1, 2021, Fracto Inc. had a GRIP balance of $126,700.
4. In the 2020 taxation year, Fracto and its associated corporations had ADJUSTED Aggregate Investment Income (AAII) of $47,650 and the combined Taxable Capital Employed In Canada (TCEC) was $4,652,000.
5. On July 1, 2021, Fracto Inc. paid taxable dividends to its shareholders in the amount of $132,400. It is the policy of the corporation to maximize the amount of dividends designated as eligible.
6. The Company has a 2019 net capital loss balance of $12,000 and a 2019 non-capital loss balance of $163,400. It plans to claim both of these loss carryovers for its 2021 taxation year.