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 December 31, 2020. 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 2020 taxation year. The non-capital and farm losses will expire if not used during 2020. Assuming Premier has no other income, what is Premier's minimum 2020 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 December 31, 2020. 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 2020 taxation year. The non-capital and farm losses will expire if not used during 2020. Assuming Premier has no other income, what is Premier's minimum 2020 Part IV Tax Payable?