Ceramic Inc. is a Canadian$-$controlled private corporation. It makes planting pots. Ceramic's income for the year ending December $31,2023$:

Active business income

$$716,300$

Dividend $-60\%-$Owned Subsidiary

$108,000$

Dividends $-$ Public Companies

$56,000$

Active business income of subsidiary$-$

$319,000$

claimed SBD

Interest $($non incedential$)$

$36,300$

$57,300$

$127,000$

Capital Gains

Charitable donations

$1.$ Calculate Ceramic's net income for tax purposes.

$2.$ Calculate Ceramic's taxable income.

$3.$ Calculate Ceramic's SBD$.$

$4.$ Calculate Ceramic's Additional Refundable Tax $($ART$).5.$ Calculate Ceramic's general$-$rate reduction $($GRR$).6.$ Calculate Ceramic's $2023$ Part I Federal tax payable.

The other than eligible dividend paid to Ceramic from the subsidiary resulted in a $$61,000$ dividend refund from non$-$ eligible RDTOH for the subsidiary $($on $100\%$ of the subsidiary's dividend$).$ Ceramic paid a $$180,000$ dividend in $2023.$ Out of this $$180,000$ it paid the maximum possible capital dividend. The remaining dividend was designated as eligible. No dividends were paid in the prior year. The combined taxable capital of Ceramic and its subsidiary is less than $$10$ million. The dividend from the subsidiary was non$-$eligible.

Historically the subsidiary has been allocated as much of the Small Business Limit as its Active Business Income. Assume this is the case in the current year.

The balance in the eligible refundable dividend tax on hand account was $$82,000$ on December $31,2022.$ The balance in the non$-$eligible Refundable dividend tax on hand account on December $312022$ was nil. This is the first time that Ceramic Inc. has reported any capital gain. Ceramic's GRIP balance was $$823,000$ at December $31,2022.$

$7.$ Calculate Ceramic's Part IV tax.

$8.$ Calculate Ceramic's eligible and non$-$eligible RDTOH before dividend refund.

$9.$ Calculate Ceramic's dividend refund.

$10.$ Calculate Ceramic's ending$$GRIP$$balance$.$