titan inc, a ccpc, operates a retail business and a small restaurant financial statements for the year ended december 31, 2014, report a net income before tax of $306,000 you have been retained to estimate the corporations tax liability and provide advice on other tax matters you have gathered the information outlined in exhibit 21 required a under part i of the income tax act, calculate titans minimum net income for tax purposes and minimum taxable income for the 2014 taxation year b based on y