A small business owner has a taxable income of CAD 120,000 for the tax year 2022. The business owner is eligible to claim various tax deductions, including business expenses, capital cost allowance, and eligible dividends received. The business owner's business expenses are CAD 30,000, and the capital cost allowance is CAD 10,000. The business owner also received CAD 5,000 in eligible dividends during the year. The federal tax rate for the business owner's taxable income bracket is 20.5% on the first CAD 49,020, 26% on the next CAD 49,020, 29% on the next CAD 61,536, and 33% on the amount over CAD 159,576. The provincial tax rate is 5.06% on the first CAD 44,740, 9.15% on the next CAD 44,742, 11.16% on the next CAD 60,518, and 12.16% on the amount over CAD 150,000. Calculate the business owner's federal and provincial tax payable, and their after-tax income for the tax year 2022.