Ramsden Inc., a Canadian public company, has Taxable Income for the taxation year ending December 31, 2020 in the amount of $242,000. It has Canadian permanent establishments in Saskatchewan and Alberta. The Company's gross revenues for the 2020 taxation year are $3,013,000, with $1,520,000 of this accruing at the permanent establishment in Saskatchewan, and $912,000 accruing at the permanent establishment in Alberta. Wages and salaries total $192,000 for the year. Of this total, $63,000 is at the permanent establishment in Saskatchewan and $85,000 is at the permanent establishment in Alberta. Ramsden has sales to the U.S. through a U.S. permanent establishment.
Calculate federal Tax Payable for the taxation year ending December 31, 2020. Ignore any foreign tax implications.

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The Answer of Ramsden Inc., a Canadian public company, has Taxable Income for the taxation year ending December 31, 2020 in the amount of $242,000. It has Canadian permanent establishments in Saskatchewan and Alberta. The Company's gross revenues for the 2020 taxation year are $3,013,000, with $1,520,000 of this accruing at the permanent establishment in Saskatchewan, and $912,000 accruing at the permanent establishment in Alberta. Wages and salaries total $192,000 for the year. Of this total, $63,000 is at the permanent establishment in Saskatchewan and $85,000 is at the permanent establishment in Alberta. Ramsden has sales to the U.S. through a U.S. permanent establishment.
Calculate federal Tax Payable for the taxation year ending December 31, 2020. Ignore any foreign tax implications.