Kinsmore Industries Ltd. is a CCPC. There are no associated corporations. The company manufactures small tools and also handles some of its own retail distribution. As all profits are earned in a province that does not have a special tax rate for manufacturing, the company does not bother with the M&P deduction. The following aggregate income statement has been prepared to assist you in completing Kinsmore's income tax return for the 2021 taxation year ending December 31: Revenues from Operations Expenses from Operations Income from Operations Canadian Source Interest Income Eligible Dividends from Portfolio Investments Accounting Income before Income Tax $6,300,000 (5,640,000) $660,000 55,000 48,000 $763,000 All of the revenues of Kinsmore are earned in Canada in 2021 The expenses are all deductible for income tax purposes except for amortization expense of $1,250,000. Your calculations indicate that maximum CCA would be $1,350,000 and the company intends to claim this amount. Other Information: 1. 2. 3. 4. In 2021, a total of $97,000 in taxable dividends were paid to the shareholders of Kinsmore Industries. It is the policy of the company to maximize the designation of eligible dividends, without regard to the availability of a refund on their payment. On January 1, 2021, the balance in both the Eligible and Non-Eligible RDTOH was nil. At the beginning of 32021, Kinsmore has a GRIP balance of $42,500. In 2020, the company designated $31,300 of its taxable dividends paid as eligible. In 2020, Kinsmore's AAll was $23,000 and its taxable capital employed in Canada was $1,600,000