Mrs. Yacumflastor, who is 68 years old, has correctly computed the following separate amounts in respect of income for tax purposes in 2023 for both her and her husband, who is 66 years old. (Amounts in brackets reflect losses or expenditures.)

	Mrs. Y.	Mr. Y.
Employment income (subdivision a, net)	$ 8,000
Pension income (life annuity from a registered pension plan)	62,000
Old Age Security pension	8,251	$8,251
Canadian-source dividends CCPC (actual amount received)	12,000	1,500
Interest income	3,000	500
Allowable capital losses	(3,000)
RRSP contribution (fully deductible)	(900)
Interest on loan to purchase investments	(2,000)

During 2023, she made donations to registered charities of $17,000 and incurred medical expenses for herself and her husband of $4,000. Mrs Yacumflastor makes donations on a regular basis each calendar year.

Required:

(a) Calculate Mrs. Yacumflastors taxable income and federal taxes payable for 2023 without electing under subsection 82(3) in respect of her husbands dividends. Assume that the taxable dividends of the Canadian source dividend CCPC was from active business income taxed at the low corporate rate.

(b) Determine whether Mrs. Yacumflastor should elect under subsection 82(3).

Show all calculations whether or not necessary to the final answer.