Premier Investments Inc.(Premier) is a private corporation.Premier received $20,000 of dividends from its investments in publicly traded Canadian shares during its taxation year ended June 30, 2011.Premier has loss carry forwards as follows: non-capital losses of $3,000, net capital losses of $5,000, and farm losses of $7,000.All of these losses are available for application in Premier's 2011 taxation year.The non-capital and farm losses will expire if not used during 2011.Assuming Premier has no other income, what is Pre- mier's minimum 2011 Part IV Tax Payable?

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The Answer of Premier Investments Inc.(Premier) is a private corporation.Premier received $20,000 of dividends from its investments in publicly traded Canadian shares during its taxation year ended June 30, 2011.Premier has loss carry forwards as follows: non-capital losses of $3,000, net capital losses of $5,000, and farm losses of $7,000.All of these losses are available for application in Premier's 2011 taxation year.The non-capital and farm losses will expire if not used during 2011.Assuming Premier has no other income, what is Pre- mier's minimum 2011 Part IV Tax Payable?