For the 2022 taxation year, Devza Ltd. has a net income of $792,400. This consists of $746,300 of Canadian active business income, and $46,100 of taxable dividends received from various Canadian public companies. Based on the formula that is included in the Income Tax Regulations, $584,600 of the active business income qualifies as M&P profits.

Devza also has a 2020 non-capital loss balance of $123,450. Management intends to deduct the maximum amount of the 2020 non-capital loss in its 2022 taxation year.

The Company makes contributions to registered charities $102,600 in 2022.

Devza Ltd. is a CCPC that uses a December 31 taxation year end. It is associated with one other company and the two companies have agreed that Devza will be allocated $200,000 of the annual business limit.

The combined Taxable Capital Employed In Canada (TCEC) for Devza and its associated company is less than $10 million in both 2021 and 2022. The combined Adjusted Aggregate Investment Income (AAII) of the two companies is $44,000 in 2021.

Required:

A. Determine the minimum 2022 taxable income and Part I federal income tax payable for Devza Ltd. Show all calculations with your solution, include every part of Part 1 tax for consideration.