Carl Nemah is 66 year old and while he recieves significant pension income from a former employers RPP. He is a former employee of Jardu Enterprises ltd(JEL). Durring 2020 his gross wages were 62000$. JEL witholds the following amounts from these wages:

RPP Contributions $ 3125

EI premiums 856

CPP contributions 2898

Union dues 572

United Way contributions 2400

Durring 2020 his pension receipts were totaled 42000$.He has not applied for OAS as he knows that all of it will be clawed back. Further he has not applied for CPP as he is awre that deffring this application will rsult in larger benefits.

Carl has been married Susan Nemah for over 40 years. Susan is 68 year old and has net income for the purpose of 9900$. This consisits of OAS payments of $7400 and pension income from her RRSP. She has not applied for CPP.

Carl has two children. his 32 year old son has been blind since birth. He lives with and is totaly depended on Carl and Susan. he has no income of his own.

Carl's daughter Suzzi, is 41 year old and is recently divorced, She and her children also live with Carl. Her only income is 36000$ in child support that she recieves under 2018 court degree. In 2020 she decided to become an accountant and, to this end she beagan attending unniversity on a full time basis in September. Carl has paid her tuition $4600 for 2020 and Suzi agreed to transfer any tution credit available to her father.

The family medical expenses, all of which paid by Carl are as follows.:

Carl $ 600

Susan 1100

Jerome 12250

Suzi 1400

Total medical Expenses $15,350

Durring 2020 Carl recieved the following dividends (all amounts in Canadian dollars) :

Eligible dividends from taxable Canadian Corporations $11, 700

Non -Eligible dividends on shares in his sister's CCPC 3250

Dividends on foregin shares -Net on 15 percent Withholding 10,625

Total Dividends Received 25, 575

Inaddition to dividends, Carl had 2020 interest income of $2843.

because of the project management skills that he has acquired over the years, Carl started a management consulting business in 2017. In that year he acquired a new building to be used as an office for his business. The building cost $ 426,000 of which 126,000$ was the estimated value of the Land. On January first 2020 the UCC of the building is $273,540 .

The building contains office furniture and fixtures that were acquired at $4200. On Jannuary 1st 2020 they have a UCC of $ 30,240.

During 2020 he spend $41000 on improving and upgrading the building. In addition he sells old furniture andfixtures for $ 18600 and acquires replacements furniture and fixture for $50,000.

As Carl has no reason to keep detailed records, he records business income a cash basis. For 2020, his net cash flow from operation was $123,500 relevant figures for the beggining and end of 2020 are as follows:

	Jannuary 1	December 31
Billed receivables	$ 13400	$ 17350
Unbilled work in process	17,470	21,250
Accouts payable	8,670	9,272

Since the inception of the business , Carl has owned a car that is used 100 per cent for business activity. The car that he acquired in 2017 was sold in 2019. He acquired his new car January 1 2020 at a cost of $61,500. He financed the car through his bank and during 2020. He made payment of $13200 on loan all of this amount is deducted in determining his net cash flow from operations. of the total $4920 represented payments of interest. Carl paid car operating cost $9260 during 2020.

Required : Calculate carl's minimum net income for tax purpose. His 2020 minimum taxable income. and his 2020 minimum federal tax payable. ignore GST/ PST/ HST consideration and the possibility of pension income splitting.