Problem 19-2 International Links Inc. is a telecommunications company incorporated in the United States with a December 31 year end. It began operating one small pilot project office in Toronto in fiscal 2012 in addition to its 52 U.S. offices. The corporation is not resident in Canada; however, the Canadian office is considered a permanent establishment under the CanadaU.S. Tax Treaty. The corporations taxable income from Canadian operations was $280,000 in 2013. It received $60,000 in dividends from investments in Canadian-controlled private corporations and realized a $20,000 capital gain on land used in the Canadian business. The corporation has $50,000 of qualified investment property in Canada. At the end of fiscal 2012, it had $20,000 of qualified investment property. REQUIRED Compute the corporations branch tax liability for 2013 on the assumption that the Ontario provincial corporate tax rate is 11.5%