ABC Ltd., a Canadian-Controlled Private Corporation located in Edmonton, Alberta provides products and services to the oil field industry

The following selected information has been taken from the tax records of ABC Ltd. for its fiscal year ended December 31, 2019:

Net Income for tax purposes $398,610

The income includes $90,000 portfolio dividends received from taxable Canadian corporations and Taxable capital gains $11,250. Also, includes charitable donation of $65,000, interest revenue 20,000

During the year the company declares and pays $3000 dividend. On December 31, 2018 Refundable Dividend Tax On Hand account balance was $7,000.

ABC has net capital loss carried over $6,000, and a non-capital loss carryover of $16,000.

Note: ABI calculated $ 277,360.

Required:

Calculate the minimum Part I tax payable, Part IV tax payable, dividend refund and RDTOH balance at Dec 31, 2019