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Required Show all of the calculations used to provide the following required information, including those for which the result is nil. For Vassalboro Ltd .

Required
Show all of the calculations used to provide the following required information, including those for which the result is nil.
For Vassalboro Ltd.'s 2023 taxation year, calculate the following:
A. Part I tax payable
B. The refundable portion of Part I tax
C. Part IV tax payable
D. The balance in the GRIP account as of December 31,2023
E. The balance in the eligible and non-eligible RDTOH accounts as of December 31,2023
F. The amount of any dividend refunds resulting from the payment of eligible dividends
G. The amount of any dividend refunds resulting from the payment of non-eligible dividends
H. Federal Tax Payable for 2023(net of any dividend refund)
I. The balance in the eligible RDTOH and non-eligible RDTOH accounts as of January 1,2024
Vassalboro Ltd. is a CCPC involved in the distribution of domestically produced laser products. For the taxation year ending December 31,2023, its net income was made up of the components that follow. View the components of net income.
On December 31,2022, Vassalboro Ltd. has a positive GRIP account balance of $58,900 and a nil balance in both the Eligible and Non-Eligible RDTOH. Vassalboro Ltd. paid no taxable dividends in 2022. In 2022, the corporation's adjusted aggregate investment income (AAII) was $33,200, and its taxable capital employed in Canada (TCEC) was $2 million.
View the taxable dividends information.
Read the requirements.
Components of net income.
\table[[Active Business Income,$216,600
PLEASE SHOW CALCULATION FOR EACH PART. THANK YOU.
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