For the taxation year ended December 31, a property management company had net income for tax purposes (NIFTP) of $425,000. This was made up of $325,000 of active business income, $75,000 of taxable capital gains, and $25,000 of dividends from Canadian public companies. During the year, the Company made donations to Canadian registered charities totalling $20,000. At the beginning of 2023, the Company has a net/allowable capital loss carry forward of $460,000. It intends to deduct loss carryforwards to the maximum extent possible. Determine the minimum taxable income for the company for the year ended December 31, 2023. Round your final answer to the nearest $. Do not round intermediary answers