Mr. Jones father is a dependant. His fathers Division B income is only $8,500 for 2016. During

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Mr. Jones’ father is a dependant. His father’s Division B income is only $8,500 for 2016. During the year, Mr. Jones paid medical expenses of $1,000 on behalf of his father and $2,500 for himself. Mr. Jones’ Division B income is $100,000 for 2016.


REQUIRED

Determine the maximum amount that Mr. Jones can claim as a medical expense tax credit in 2016.

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Introduction To Federal Income Taxation In Canada 2016-2017

ISBN: 9781554968725

37th Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

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