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o Sam earns the following amounts in the current year: Dividends received from a public Canadian corporation subject to high tax rates $ 7,000 Foreign

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o Sam earns the following amounts in the current year: Dividends received from a public Canadian corporation subject to high tax rates $ 7,000 Foreign investment income from Liberty Mutual Fund (translated into CAN $) $11,000 Dividends received from a private Canadian corporation subject to low tax rates $ 2,500 In addition, Sam holds a 5-year, $10,000 bond, which was issued on June 1, of the previous year, and earns 2.5% interest per year (all interest will be paid at maturity along with principle) 0 o Sam incurs the following expenses in the year: Interest expense on the mortgage for Maria's personal home $15,450 Accounting fees $ 2,500 Interest expense on a loan used to purchase units of Liberty Mutual Fund $ 1,250 Investment counsel fees $ 2,000 o O o Calculate net property income for Sam

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