Neville Ltd. is a Canadian-controlled private corporation which was incorporated in 2004 with a December 31 year end. In 2020, Neville Ltd. earned net income of $250,000 before taxes for accounting purposes. Included in the calculation of that amount were the following items:

Canadian active business income ................................ . $159,000

Dividends from taxable Canadian subsidiary corporations .............. . 8,000

Other Canadian investment income:

rental income .......................................... . $115,000

interest income ......................................... . 15,000

royalty income ......................................... . 1,000

taxable capital gain (non-active) ............................ . 9,000

Income under Division B ...................................... . $307,000

Donations to registered charities ................................ . $ 60,000

The company also has the following balances at January 1, 2020:

2014 Net capital loss ....................................... . $ 10,000

Charitable donations carried forward from 2019 ................... . 10,000

Assume investment income earned in the prior year is the same as the amount earned in the current year. Neville Ltd. had $8 million of taxable capital in Canada.

You have been asked to calculate the federal Part I tax and provincial tax payable by Neville Ltd. for 2020. Show all calculations. Assume the provincial tax rates are 4% for active business income eligible for the small business deduction and 12% for all other income.