In $2023,$ William Barker, who is single, earned the following income and incurred the following losses:

Employment income $ $15,000$

Business loss $ $(5,500)$

Taxable capital gains $ $4,000$

Property income $($interest$)$ $ $16,500$

Allowable capital loss from the sale of shares of public corporations $ $(8,000)$

Allowable capital loss from the sale of shares of a CCPC that qualifies as a small business corporation $ $(5,000)$

At the end of $2022,$ William had:

unused net capital losses of $ $19,000$ and

unused non$-$capital losses of $$40,000.$

For $2023,$ William does not want to pay any federal tax and is entitled to

a deduction for CPP enhanced contributions of $$115,$

the basic personal tax credit $$15,000,$

the Canada employment credit $$1,287$ and

the CPP & EI credit amount of $$814.$

Required:

$1.$ Calculate William$$s Taxable income which would result in no tax liability after deducting tax credits.