Falcon Ltd. received the following dividends during the year for its December 31, 2017 taxation year:

Dividend from Corporation A which Falcon has a 5% interest in $150,000

Dividend from a wholly owned subsidiary corporation B $90,000

Dividend from a wholly owned subsidiary corporation C $60,000

Further Information

Corporation B received a $20,000 dividend refund as a result of paying the above dividend

Corporation C received no dividend refund as a result of paying the above dividend

What is the minimum Part IV tax (i.e., Part 4 tax) which Falcon Ltd will have to report for December 31, 2017?