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The following information relates to the operations of Standish Ltd. for the 2023 taxation year (all amounts are based on the relevant income tax rules):
The following information relates to the operations of Standish Ltd. for the 2023 taxation year (all amounts are based on the relevant income tax rules): Business Loss: $216,700 Taxable Dividends from Taxable Canadian Corporations: $50,750 Taxable Capital Gains: $14,800 Allowable Capital Losses: $6,838 Charitable Donations: $8,300 The company has unused charitable donations of $1,575 from 2022 and a 2021 net capital loss balance of $9,500. It is the policy of the company to maximize the use of net capital losses before using any other type of carry over amount. Required: Calculate the corporation's minimum 2023 net income and taxable income. Indicate any carry over balances remaining
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