The following data summarizes the operations of Kopy Kat Inc. for the year ended Dec.
31, 2020;
Loss from an active business $ (13,000)
Dividend income from taxable Canadian corporations 10,500
Taxable capital gains 7,250
Allowable capital losses (4,375)
The corporation had the following carry forward balances at the end of December 31,
2019:
Net capital losses which arose in 2003 6,000
Required:
The company’s non-capital loss for income tax purposes for 2020 is: