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Your client, Fredrickson Ltd., is in its first year of operations, and has asked your advice on certain tax matters. Fredrickson is a Canadian controlled private corporation earning income from investments, and is 100% owned by Tammy Yin. Fredrickson owns 100% of the voting shares of Gestures Ltd. As a result of paying the below dividend, Gestures received a dividend refund in the amount of $10,000. Fredrickson earned the following amounts of income for the year ending December 31, 2020: Interest Income Dividends from investments in various publicly traded companies Dividend from Gestures Ltd. $42,000 $45,000 $30,000 Fredrickson paid Non-Eligible dividends to Tammy in the amount of $110,000 during 2020. Fredrickson is subject to a combined Federal tax rate on investment income of 50 2/3% (includes the refundable portion of part 1 tax and the ART). Required: For the taxation year ending December 31, 2020, calculate the following items for Fredrickson: 1. Part I Tax Payable. 2. Part IV Tax Payable. 3. The balance in the Non-Eligible RDTOH on December 31, 2020. 4. The dividend refund on the Non-Eligible dividends paid to Tammy. Your client, Fredrickson Ltd., is in its first year of operations, and has asked your advice on certain tax matters. Fredrickson is a Canadian controlled private corporation earning income from investments, and is 100% owned by Tammy Yin. Fredrickson owns 100% of the voting shares of Gestures Ltd. As a result of paying the below dividend, Gestures received a dividend refund in the amount of $10,000. Fredrickson earned the following amounts of income for the year ending December 31, 2020: Interest Income Dividends from investments in various publicly traded companies Dividend from Gestures Ltd. $42,000 $45,000 $30,000 Fredrickson paid Non-Eligible dividends to Tammy in the amount of $110,000 during 2020. Fredrickson is subject to a combined Federal tax rate on investment income of 50 2/3% (includes the refundable portion of part 1 tax and the ART). Required: For the taxation year ending December 31, 2020, calculate the following items for Fredrickson: 1. Part I Tax Payable. 2. Part IV Tax Payable. 3. The balance in the Non-Eligible RDTOH on December 31, 2020. 4. The dividend refund on the Non-Eligible dividends paid to Tammy

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