3-A) Below are the combined federal and provincial taxes payable for Drummond Corp (a small eligible CCPC with income less than 500k) for the previous three years. 2018 - $ 151,000 2019 - $198,000 2020 - $170,000 (estimated) Required: A) Discuss if instalments for 2020 will be required, if so, how often? B) Calculate the total and periodic installments under each acceptable option. C) What option should Drummond Corp select if they'd like to minimize instalments? 3-B) Jacob works for Drummond Corp (a small CCPC). In 2019 Jacob received stock options that gave him the ability to purchase 1,000 shares at a price of $55/share. At the time of stock option issuance, the market price of shares was $50/share. On July 7, 2020 the market price was $66/share. Jacob decided to exercise his options on this day. On December 12, 2020 Jacob sold the shares for $74/share. Required: A) Calculate the impact to taxable income this will have on Jacob's taxes in 2020. 3-C) Reem, a regular salaried employee, filed her 2020 tax return on March 9, 2021. She received a notice of assessment (NOA) in the mail dated April 11, 2021. The NOA was received on April 19, 2021. The CRA disallowed Reem's snowblowing expenses. Reem disagrees with CRA's position. Required: What is the deadline for Reem to file a notice of objection? 3-A) Below are the combined federal and provincial taxes payable for Drummond Corp (a small eligible CCPC with income less than 500k) for the previous three years. 2018 - $ 151,000 2019 - $198,000 2020 - $170,000 (estimated) Required: A) Discuss if instalments for 2020 will be required, if so, how often? B) Calculate the total and periodic installments under each acceptable option. C) What option should Drummond Corp select if they'd like to minimize instalments? 3-B) Jacob works for Drummond Corp (a small CCPC). In 2019 Jacob received stock options that gave him the ability to purchase 1,000 shares at a price of $55/share. At the time of stock option issuance, the market price of shares was $50/share. On July 7, 2020 the market price was $66/share. Jacob decided to exercise his options on this day. On December 12, 2020 Jacob sold the shares for $74/share. Required: A) Calculate the impact to taxable income this will have on Jacob's taxes in 2020. 3-C) Reem, a regular salaried employee, filed her 2020 tax return on March 9, 2021. She received a notice of assessment (NOA) in the mail dated April 11, 2021. The NOA was received on April 19, 2021. The CRA disallowed Reem's snowblowing expenses. Reem disagrees with CRA's position. Required: What is the deadline for Reem to file a notice of objection