1-Mr. Dev Patel has been employed for many years by a Canadian controlled private corporation.Several years ago, Mr. Patel was granted options to acquire 4,735 shares of his employers stock for 12 per share. At the time the option was granted, the shares have a fair market value of 5 per share. On July 21, 2019, Mr. Patel exercises all of these options. At the exercise date, the fair market value of the shares were 19 per share. In February, 2020, he sold all of the shares for 27 per share. Calculate the net effect of the share transactions that took place in 2019 and 2020 on Mr.Patel's Taxable Income in 2020.

2-During 2020,Ms. Blacks employer provides her with an automobile for 11 months of the year. It cost 32,002, including applicable HST. She drives it a total of 43,555 kilometers. Of the total kilometers driven, 16,000 relate to personal use of the automobile. The employer pays all maintenance costs which total 9,201 for the year. What is the minimum taxable benefit for the use of the automobile that will be assessed to Ms. Black for 2020?