Betsy reinvests all of the distribution in new Benson Small Cap units at $16.50 per unit. She still owns all of these units at the end of 2022. Canfor Mutual Trust Fund Units Betsy acquires 14,000 units of Cantor Properties, a mutual fund trust. The units are acquired at a cost of $6.00 per unit. In 2022, the trust makes a distribution of $0.60 per unit. Of this total, $0.25 represents a return of capital, with the balance of $0.35 being property income that is interest. All of this distribution is reinvested in additional Cantor units at a cost of $6.75 per unit. She still owns all of these units at the end of 2022. Foreign Term Deposit Betsy acquires a Swiss franc-denominated term deposit with a maturity value of 300,000 Swiss francs (SF ). The Canadian dollar cost is $387,000. On December 31, 2022, the principal amount of the term deposit is paid, along with interest of SF15,000. Foreign tax authorities withhold 20% of the interest as foreign income taxes. Assume that throughout 2022, one SF equals $1.29 in Canadian dollars. Public Company Shares Betsy acquires 3,000 shares of BDE at a cost of $30 per share. In 2022, the shares pay eligible dividends of $1.70 per share. On December 1, 2022, she sells the shares for $31.50 per share. CCPC Shares Betsy acquires 2,100 shares in her mother's Canadian controlled private corporation (CCPC) from her mother's estate at a price of $65 per share. In 2022, these shares pay noneligible dividends of $3.50 per share. Betsy still owns these shares at the end of 2022. Betsy has other income that places her in the 33% federal income tax bracket and 18% provincial income tax bracket with respect to any additional income. Taxes on that income are sufficient to use all of her available personal tax credits before considering the effects of the investments pur chased with her inheritance. She resides in a province where the dividend tax credit on eligible dividends is 32% of the gross up and 20% of the gross up on noneligible dividends. Required: Calculate the amount of additional 2022 taxable income and income tax payable that will result from Betsy's investments. In addition, indicate the perunit ACB for each of the two trust units on December 31, 2022. Ignore any income tax implications resulting from international income tax treaties. u AP 7-7 (Foreign Property Income, Mutual Trust Funds, and Shares of Public Corporations and CCPCs) Late in 2021, Ms. Betsy Cheung receives $1,000,000 in cash in settlement of her mother's estate. On January 1, 2022, she invests the funds as follows: Benson Mutual Trust Fund Units She acquires 4,000 units of Benson Small Cap, a mutual fund trust, at a price of $15 per unit. In 2022, the trust makes a distribution of $1.40 per unit. The composition of this distribution is as follows: Capital gains $0.50 Eligible dividends 0.70 Interest 0.20 Total per unit $1.40