Margaret Lykaios is the president and major shareholder of Measureup Ltd., a Canadian-controlled private corporation that operates a construction business in Regina, Saskatchewan. Measureup earns only business income, which is all subject to the small business deduction. In 2021, she had a number of financial transactions. She has asked you to help her prepare her 2021 tax return and provide advice on other tax matters. The following additional financial information is provided for 2021 1. Margaret's gross salary was $108,900, from which Measureup deducted the following amounts: Income tax CPP and EI premiums $30,000 4,056 Private health insurance premiums Group sickness and accident insurance premiums 600 400 In addition to her salary, Measureup paid $2,000 to a deferred profit-sharing plan, $600 of private health insurance premiums, and $400 of group sickness and accident insurance premiums on Margaret's behalf. Enhanced CPP contributions for 2021 are $291. 2. Margaret is required to use her own automobile for company business. For this, Measureup pays her an annual allowance of $4,400. she purchased a new automobile for $33,900 plus HST (13%), and received $18,000 as a trade on her old car. At the end of the previous year, the old car had an undepreciated capital cost allowance balance of $17,000 (class 10.1). Of the 20,000 kilometres driven in 2021, 14,000 were for employment purposes. Margaret incurred automobile operating costs of $6,300. 3. For three months during the 2021, Margaret was sick and could not attend work. She received $14,000 from the company's group sickness and accident insurance plan. Since the plan's inception, Margaret had paid premiums totalling $2,000. 4. Margaret purchased a warehouse property and leased it to Measureup to store construction equipment. The property cost $296,200 (land-30,000, building - 266,200). The building was constructed after March 18, 2007. The price for the land includes $2,400 of permanent landscaping completed just after acquisition. The 2021 rental income is summarized below.