K&K Inc. is a CCPC that uses a calendar-based taxation year. On January 1, 2023, the balance in the Company's Non-Eligible RDTOH is $17,445 and the balance in its Eligible RDTOH and GRIP accounts are both nil. K&K's 2023 taxable income is $456,250. and its 2023 Part I tax payable is $82,506. The company has no foreign income in 2023 and no loss carryovers claimed in determining its taxable income. The Company's 2023 net income includes the following amounts of taxable capital gains and income from property: Taxable Capital Gains $43,730 Eligible Dividends from Canadian Public Companies 26,560 Rental Income from a Residential Property 14,760 Non-eligible dividends - Connected Company (See Note) 77,700 Note - The non-eligible dividends, were received from BM Ltd, another CCPC in which K&K owns 42% of the voting shares. The voting shares of BM Ltd owned by K&K represent 27% of the value of all of the corporation's shares. BM Ltd was entitled to a dividend refund of $20,386 for its 2023 taxation year. K&K is associated with four other companies. The annual business limit for the SBD is shared equally by K&K and these four other companies. The $100,000 allocation is significantly less than