Charles Court owns and operates the Seacourt Restaurant as a proprietorship. The restaurant has gained a reputation for offering quality food, good service, and moderate prices in a cozy, relaxed setting. It is a distinctive restaurant well known to the people of Winnipeg. Charles often brags about the competence of his bar and restaurant staff and about the efficiency of his kitchen.

Profits in the past year amounted to $180,000 before draws by Charles, who lives modestly and requires only about $70,000 before tax for living expenses. Over the years, he has invested excess profits in public securities, so he has substantial investment income, which in itself puts him in the maximum tax bracket (50%).

1. What is the combined Corporate and personal tax if it is business income subject to the Small Business Deduction as a %.

2. What is the Corporate and personal tax if it is investment income as a %.