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 $2023,$ she had a number of financial transactions. She has asked you to help her prepare her $2023$ tax return and provide advice on other tax matters. The following additional financial information is provided for $2023$:$1.$ Margaret's gross salary was $$108,900,$ from which Measureup deducted the following amounts.Income tax$$30,000$CPP and EI premiums$4,756$Private health insurance premiums$600$Group sickness and accident insurance premiums$400$In addition to her salary, Measureup paid $$2,000$ to a deferred profit$-$sharing plan, $$600$ of private health insurance premiums, and $$400$ of group sickness and accident insurance premiums$\mathrm{.}2.$ Margaret is required to use her own automobile for company business. For this, Measureup pays her an annual allowance of $$4,400.$ She purchased a new automobile for $$61,100$ plus HST $(13\%),$ and received $$18,000$ as a trade on her old car. At the end of the previous year, the old car had an undepreciated capital cost balance of $$17,000($class $10\mathrm{.}1).$ Of the $20,000$ km driven in $2023,14,000$ km were for employment purposes. Margaret incurred automobile operating costs of $$6,300\mathrm{.}3.$ For three months during the $2023,$ 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\mathrm{.}4.$ Margaret purchased a warehouse property and leased it to Measureup to store construction equipment. The property cost $$296,200($land $-30,000,$ building $-266,200).$ The building was originally constructed after March $18,2007.$ The price for the land includes $$2,400$ of permanent landscaping completed just after acquisition. The $2023$ rental income is summarized in the following chart.Rent receivedExpenses:Insurance$ $(1,200)$Property taxesInterest Repairs:$ $(4,000)(10,000)$General maintenanceStorage shed addition$ $23,200(800)$$ $(3,600)$$$(19,000)$Income$3,6005.$ Margaret is a $35\%$ partner in a computer software business but is not active in its management. The partnership financial statement shows a profit of $$40,000$ for the year ended December $31,2023.$ The profit consists of $$32,000$ from software sales and $$8,000$ from interest earned$\mathrm{.}6.$ On July $1,2022,$ Margaret purchased a three$-$year guaranteed investment certificate for $$20,000$ with interest at $8\%.$ The interest compounds annually but is not payable until July $1,2025\mathrm{.}7.$ Margaret received $($made$)$ the following additional receipts $($disbursements$).$Receipts:Dividends $($Eligible$)$ from Canadian public corporations$ $2,400$Dividends $($Non$-$eligible$)$ from Measureup$3,600$Dividends from foreign corporations $($net of $10\%$ foreign withholding tax$)2,700$Winnings from a provincial lottery$12,000$Disbursements:Dental expenses for children$3,500$Donation to a charity$2,000100$Safety deposit boxLife insurance premium used as collateral for personal bank loan$500$Investment counsel fees$1,200$Required:Determine Margaret's net income for tax purposes in accordance with the aggregating formula of Section $3$ of the Income Tax Act for $2023.$ Assume other deductions total $$8,000.$

Employment income:

$\backslash$table$[[$Salary$,$$$,108,900],[,,],[$Car Operating costs,,$],[$Car allowance,$$,4,400],[$Group sickness benefit,,$],[,,]]$

$$,113,300$

Business income:

Partnership Business Income

Property income:

Paragraph $3($c$)$ Other deductions

Net Income for Tax Purposes

Rental Income:

$\backslash$table$[[$Rental income per summary$],[$Landscaping expense$],[$Storage shed addition$],[],[$Rental income before CCA$],[$Rental income$]]$