Opus Limited is a CCPC. In its 2024 taxation year, the compa…

Opus Limited is a CCPC. In its 2024 taxation year, the company received the following taxable dividends: Taxable Dividends on Portfolio Investments  $ 35,000 Taxable Dividends from Magnum Inc. [(100%)($55,000)]  55,000 Taxable Dividends from Masterpiece Ltd. [(40%)($100,000)]  40,000 Opus owns 100% of the shares of Magnum Inc. and 40% of the shares of Masterpiece Ltd. Masterpiece received a dividend refund of $10,000 on its dividend payment, while Magnum received a dividend refund of $15,000. Determine the amount of Part IV Tax payable by Opus Limited for its 2024134 taxation year.

Schumann Inc. is a CCPC that has the following information f…

Schumann Inc. is a CCPC that has the following information for the current year:Canadian active business income $140,000Taxable dividend from a taxable Canadian corporation 15,000Aggregate investment income 60,000Taxable income 200,000Income eligible for the SBD 140,000Part I tax for the year 21,900The refundable portion of Part I tax for the year is equal to: