Ally Inc. ("Ally" or "the Company") is in the business of manufacturing vegan "leather" footwear and handbags. Their only manufacturing facility is in Mirabel, a town close to Montreal, and all their clients are Canadian department stores.

Alison and their spouse reside in Mirabel and are the only shareholders of Ally. Alison owns 55% of the shares and their spouse owns the remaining 45%. Alison's spouse also owns 60% of another company, Investor Corp. Investor Corp was created on January 1, 2023, for the sole purpose of earning investment income. The remaining 40% is owned by various friends of Alison and their spouse.

Ally Inc is growing quickly and 2023 was a very profitable year. The Company has a December 31 year end and, for 2023, earned a Net Income for Tax Purposes of $650,000. The following amounts are included in Ally's Net Income for Tax Purposes:

- Eligible dividends received from public companies $10,000

- Taxable capital gains resulting from the disposition of investments $20,000

- Interest income related to investments in bonds $5,000

The remainder of the Company's income is from their vegan "leather" manufacturing business. You have also obtained the following information from the Company's tax files:

- Net capital loss carry forward balance at December 31, 2022 $105,000

- Taxable Capital Employed in Canada at December 31, 2022 $11,680,000

- Taxable Capital Employed in Canada at December 31, 2023 $13,150,000

- ADJUSTED Aggregate Investment Income at December 31, 2022 $35,000

- ADJUSTED Aggregate Investment Income at December 31, 2023 $48,000

Required:

Calculate Ally's Part 1 taxes payable.