Barnum Ltd. is a Canadian controlled private corporation. During the taxation year ending December 31, 2020, the Company has the following amounts of income

• Active business Income =100,000
• Capital Gains =8,800
• Dividends From Portfolio Investments=10,200
• Net Rental Income =26,000

The Companys 2020 Net Income for Tax Purposes is $145,000.

The Company has available charitable donation of $5,000 carried from 2017.

It has been agreed that $300, 000 of the business limit for small business deduction will be claimed by parent company and leaving remainder to Barnum Ltd. Taxable capital employed Barnum Ltd and parent company in 2019 was 10 million. Calculate the following for the year ending December 31, 2020 to pay minimum tax by Barnum Ltd.

1. Small business deduction

2. Additional refundable tax

3. Part I Tax Payable