AAA ltd, a public company reports on its accounting statement for the year ended December31, 2020.

THE ACCOUNTING INCOME INCLUDES:

Operating income

300

See note 1

Note 1:

Accounting operating income of $300,000 includes:

• Depreciation expenses was $20,000
• The company has the following assests: (apply maximum CCA, this year)

class	Rate %	Opening UCC $
8	20	200,000
10	20	100,000

• Donations to registered charities $20,000
• Payment for meals & entertainment $40,000
• Foreign non-business net income: $30,000 before tax paid of $10,000 to a foreign country

Please calculate AAA Co`s minimum net income for tax purposes?