De Sue Chen has hired your professional services to file her income tax return, Or Chem is a retired surgeon. Due to her failing eyesight Sue was required to retire from her occupation of a younger age than normal Fortunately, Sue has more than enough income to support herself as a result of years of receiving a very large salary as a surgeon and a family inheritance. Sue has invested most of her past employment earnings into a lange portfolio which paid the following amounts during 2020, the current year. Additional info (part 1) Item Amount Dividends from public Canadian corporations (subject to high corporate tax $24,000 rates): Dividends from private Canadian corporations (subject to low corporate tax 33,000 rates): Interest income received from Canadian sources: 17,800 Dividends from foreign corporations (translated into Canadian dollars): 12,300 Note: Total foreign dividends earned was $13,700 less foreign tax withheld of $1,400. Sue's portfolio of investments includes a five-year investment contract purchased three years ago on September 1. The investment contract has a maturity value of $165,000 and an annual interest rate of 3%. The total interest earned on the investment contract will be paid on maturity on September 1, 2022, two years from now. Sue did not receive any interest (cash) from this investment contract in 2020. Sue's portfolio of investments is managed by a large Canadian brokerage firm called Top of the Hill Investments Inc. ('Top of the Hill) Top of the Hill charges Sue investment counsel fees of $5,400 during 2020. Additional info (part 2) In 2019. the previous year, Sue received a large family inheritance, which she invested into a rental property. The property was purchased in 2019, and Sue has claimed the maximum amount of capital cost allowance (CCA) on the property in 2019. In 2020, the opening UCC balance in CCA Class 1 for the rental building is $355,000 and Sue would like to claim the maximum CCA deduction on the rental income in 2020. The rental income and expense information for 2020 is as follows. Item Amount Rental income: $2.750 per month Property tax: 4,700 for the year Property insurance: 160 per month Property management fees: 170 per month Utilities: 650 per month Repair of a leaky faucet and water 1,550 damage