So Chic operates two distinct lines of business - a fashion design business and a fried chicken restaurant. During the year ended December 31, 2020, the company had a non-capital loss of $3 million from the fashion design business and earned NIFTP of $1 million from the fried chicken restaurant. The $2 million non-capital loss could not be carried back, and as a result it was carried forward. On January 1, 2021, So Chic is acquired by an unrelated party. During the 2021 year, the fashion design business had NIFTP of $0.5 million while the fried chicken restaurant had NIFTP of $2 million. What is the minimum taxable income for the tax year ended December 31, 2021?