$(2)$ The land had been held for approximately three years. It had been held vacant in order to realize a profit on its sale at the right time.

$(3)$ The royalty income had been determined to be property income.

$(4)$ The recapture resulted from the sale of some fixtures used in the retailing business.

$(5)$ The rental income was derived from leasing the entire space on a five$-$year lease in an unused warehouse.

$(6)$ The net taxable capital gains resulted from the sale, on January $15,2016,$ of marketable securities purchased with short$-$term surplus funds in the manufacturing operation.

$(7)$ Withholding tax on the pre$-$tax non$-$business income of $$25,000$ was $C$$$3,750.$

Additional information:

$($a$)$ Manitoba Traders Ltd$.$ made the following selected payment during the year:

Charitable donations

$$12,500$

$($b$)$Four quarterly dividends of $$35,000$ were declared at the end of each calendar quarter of $2016$ and paid within two weeks of their declaration. The last quarter of $2016$ was paid in January $2017$ and a dividend of $$30,000$ declared in the last quarter of $2015$ was paid in January $2016.$

$($c$)$ Manitoba Traders Ltd$.$ had allocated $$280,000$ of its $$500,000$ business limit to other associated corporations. Taxable capital of the associated group for large corporations tax purposes was $$8,000,000.$

$($d$)$ The balance in the tax accounts on January $1,2016$ were:

$\backslash$table$[[$Charitable donation carryforward,$$2,500$