tv ltd is a canadian controlled private corporation the/

/in /by

TV Ltd and Nano Ltd. are associated corporations. For the current year, Nano Ltd. claimed the small-business deduction on $120,000 of its active business income. The taxable capital of the two corporations, combined, is below $10,000,000.
Determine the small-business deduction for TV Ltd. Income tax reference: ITA 125(1), (2), (3).