Imperial Inc. is a CCPC$.$ The company received $ $21297$ of dividends from its investments in publicly traded Canadian shares during the taxation year ended June $30,20$x$3.$

The company has loss carry forwards from $20$x$1$ as follows:

non$-$capital losses of $ $3639,$

net capital losses of $ $5850.$

All of these losses are available for application in the company$$s $20$x$3$ taxation year. The non$-$capital will expire if not used during $20$x$3.$ Assuming the company has no other income, what is the company$$s minimum $20$x$3$ Part IV Tax Payable? $($Round to whole dollars$).$

Hint: Under certain circumstances, losses carry over can be used to reduce Part IV Tax.

Answer:Question $13$