Beans and Greens Ltd., (BGL) a Canadian Controlled Private Corporation (CCPC), is a popular organic plant-based coffee house and bakery that started in Vancouver Island on January 1, 2021. It has experienced enormous growth since then and is planning to expand in 2024. BGL's increased popularity is due to its trendy location, diverse fair trade organic coffee options, and delicious vegetarian and vegan baked goods. BGL locally sources fresh ingredients for all of its baked goods and has established supply partnerships with many of the local farms. Many of its popular baked goods are sold to larger retailers on the island. BGL struggled to keep up with the increasing retail demand so in mid-2023 it expanded its small kitchen to an offsite location serviced with commercial baking and packaging equipment, and refrigerated storage space. At December 31, 2023, the company's year-end, all of the outstanding shares were owned by Katherine Marlowe, the founder of BGL. Financial statements for the year ended December 31, 2023, report a net income before tax of $456,000. You have been retained to estimate the corporation's income tax liability and provide advice on other tax matters and have gathered the information outlined in Exhibit 2-1. Required Under Part I of the Income Tax Act, calculate Beans and Greens Ltd.'s minimum net income for tax purposes and minimum taxable income for the 2023 taxation year in accordance with the ordering provisions found in section 3 of the Income