Last year (2019), Victoria inherited amount of $500,000 she used some of this fund as follows:

A- $100,000 term deposit purchased on May1, 2019, the deposit pay 10% interest annually,  interest and principle to be repaid at maturity on April 30, 2023

B- 20,000 XYZ shares for $27 per share. During 2020, XYZ declared and paid other than eligible dividends of $0.50 per share

C- June 12, 2019 purchased a rental property that partially mortgaged. The property cost $600,000. In 2019 Victoria was able to deduct the maximum CCA on the building. During 2020 the property earned rental income of $32,000, also incurred the following expenses: pays Interest on the mortgage $4,800, property taxes $3,200, maintenance $3,000, property management $1,000. (Building in class 1, 4% CCA)

 

Required: 

Calculate Victoria's minimum net property income for tax purposes for the current year (2020).