Question
Bergstrom Investments Inc. is a private corporation. Bergstrom received $ 20398 of dividends from its investments in publicly traded Canadian shares during the taxation year
Bergstrom Investments Inc. is a private corporation. Bergstrom received $ 20398 of dividends from its investments in publicly traded Canadian shares during the taxation year ended June 30, 20x1. Bergstrom has loss carry forwards as follows: non-capital losses of $ 3690, net capital losses of $ 5668, and farm losses of $ 6769. All of these losses are available for application in Bergstroms 20x1 taxation year. The non-capital and farm losses will expire if not used during 20x1. Assuming Bergstrom has no other income, what is Bergstroms minimum 20x1 Part IV Tax Payable? (Round to whole dollars).
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