Ku Jung owns all of the shares of Jay Ltd. The ACB of the shares is $5,000. He has decided to retire, and has wound up the Company. The rules of ITA 88(2) apply. After the properties have been sold and all corporate taxes paid, there is $700,000 available for a final distribution. The balances in the tax accounts of Jay Ltd. are as follows: PUC $1,000 Eligible RDTOH $Nil Non-Eligible RDTOH $20,000 GRIP Account $30,000 CDA $100,000 If Mr. Jung and Jay Ltd. properly file all elections that would minimize the tax effect of the distribution, what is the maximum amount he could receive tax free? $5,000 $100,000 $101,000 $1,000