SPORTCO is a CCPC that operates only in Canada, and all of its shares are owned by C$$line Chalifoux. The income statement for its $12-$month fiscal year ending December $31$ of Year $10$ shows the following items:

Operating Profit: $$600,000$

Other Income:

Interest on Portfolio Investments: $$25,000$

Interest on Customer Accounts: $$12,000$

Non$-$taxable Dividend from FILS: $$15,000$

Non$-$taxable Dividend from PRIVCO: $$1,000$

Taxable Dividend from PRIVCO: $$8,000$

Gain from the Sale of PUBCO Shares: $$42,000$

FILS is a CCPC owned $60\%$ by C$$line$\text{'}$s son and $40\%$ by SPORTCO.

For its fiscal year ending December $31$ of Year $10,$ FILS reported taxable income of $$100,000$ consisting only of ABI for which it claimed the Small Business Deduction $($SBD$).$

During the year, FILS paid its shareholders a non$-$taxable dividend. Despite these dividend payments, FILS did not have a Refundable Dividend Tax on Hand $($RDTOH$).$

PRIVCO is a CCPC$.$ SPORTCO owns $5\%$ of PRIVCO's shares. Ms$.$ Chalifoux is not related to the other shareholders of PRIVCO.

For its fiscal year ending December $31$ of Year $10,$ PRIVCO reported taxable income of $$700,000,$ including $$200,000$ of ABI for which it claimed the SBD$.$

During the year, PRIVCO paid a non$-$taxable dividend and a taxable dividend. Following these dividend payments, PRIVCO received an RDTOH of $$6,000.$

Finally, Ms$.$ Chalifoux's spouse is the sole shareholder of CONJOINT, a CCPC$.$ For its fiscal year ending December $31$ of Year $10,$ CONJOINT reported taxable income of $$125,000$ consisting only of ABI for which it claimed the SBD$.$

Apart from the dividend payments, there are no other transactions between the different companies, i$.$e$.,$ SPORTCO, FILS, PRIVCO, and CONJOINT. The combined taxable capital and adjusted aggregate investment income of all associated companies have always been less than $$10$ million and $$500,000,$ respectively.

SPORTCO wants you to take all measures to reduce its tax burden for Year $10.$

presenting the details of your calculations.

$1.$Calculate the active business income $($ABI$)$ of SPORTCO for its fiscal year ended December $31,$ Year $10.$

$2.$Calculate the total investment income of SPORTCO for its fiscal year ending December $31,$ Year $10.$

$3.$Calculate the net income of SPORTCO for its fiscal year ending December $31,$ Year $10.$

$4.$Calculate the taxable income of SPORTCO for its fiscal year ending December $31,$ year $10.$

$5.$Calculate the income of SPORTCO which benefits from the eligible small business deduction $($DAPE$)$ in the calculation of its tax for the fiscal year ended December $31$ of year $10.$

$6.$Calculate the income of SPORTCO which is subject to the additional Part I tax in the calculation of its tax for the fiscal year ended December $31$ of year $10.$

$7.$Calculate the income of SPORTCO which benefits from the general tax reduction $($RIG$)$ in the calculation of its tax for the year ended December $31,$ year $10.$

$8.$Calculate the refundable portion of Part I tax $($FRIPI$)$ of SPORTCO for the year ended December $31,$ year $10.$

$9.$Calculate SPORTCO$$s Part IV tax for the year ended December $31,$ Year $10.$