Jack Corporation Limited, a Canadian-controlled private corporation with a December 31, 2022 year-end, has made the following calculations of its taxable income.

Canadian investment income	$2,000
Canadian active business income	$2,000
Net income for tax purposes	$4,000
DonationsDivision C deduction	$1,000
Taxable income	$3,000

REQUIRED: Compute the refundable portion of the corporations Part I tax for 2022.