For the year ending December 31, 2020, Garba Inc. had Net Income For Tax Purposes of $472,000. This amount included $22,000 in dividends received from taxable Canadian companies, as well as $12,400 in net taxable capital gains. The Company also made charitable donations during 2020 of $14,500.
At the beginning of 2020, the Company had a non-capital loss carry forward of $102,000, as well as a net capital loss carry forward of $56,000.
Determine the Company's minimum Taxable Income for the year ending December 31, 2020 and the amount and type of any carry forwards available at the end of the year.

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The Answer of For the year ending December 31, 2020, Garba Inc. had Net Income For Tax Purposes of $472,000. This amount included $22,000 in dividends received from taxable Canadian companies, as well as $12,400 in net taxable capital gains. The Company also made charitable donations during 2020 of $14,500.
At the beginning of 2020, the Company had a non-capital loss carry forward of $102,000, as well as a net capital loss carry forward of $56,000.
Determine the Company's minimum Taxable Income for the year ending December 31, 2020 and the amount and type of any carry forwards available at the end of the year.

For the Year Ending December 31, 2020, Garba Inc