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1 In the last 1 0 years, Victoria has worked for Alberta co . publicly traded corp. and her 2 0 X 8 Net Income

1 In the last 10 years, Victoria has worked for Alberta co. publicly traded corp. and her 20X8 Net Income for Tax Purposes amounts of 59,480
this include employment income 83,333 after deduct 8,333 RPP, interest income 7,143 non-eligible dividends 7,692
Also, at the end of 20X8, her unused deduction room was 25,000 and her Pension Adjustment for 20X8 was 18,182
2 In 20X9 she receives 250,000 gross salary of that 240,000 from reddeer branch and the remaining from Edmonton branch
Her employer deduct and withheld the following:
Federal Income Tax 37,500
Canada Pension Plan contributions 10,000
Employment Insurance Premiums 2,750
Registered Pension Plan Contributions 12,500
Donation to United Way charity 2,000
Professional Dues 2,500
Contribution to Disability Pension Plan 900
Use of business (employer) vehicle 1,200
Victoria employer match contribution of 12,500 RPP and 900 to her disability plan
The plan was started 10 years ago, and the annual premiums never changed ($1,800 a year),(at Dec 31,20X8, her accumulated premiums in the plan were 700
3 During 20X9, she receives 16,667 from her disability plan, while she is in hospital
4 Her employer provides her with a car purchased last year for 125,000 including taxes, the car was available to her for the entire year except for the month of march,
she was in hospital for 31 days in Mar 20X9(during that time employer have the keys for the car).
During 20X9 the car was driven total of 62,000 of that 51,000 km for employment
5 On April 1,20X9 Victoria receives options from her employer to buy 1,000 Alberta co. shares at 25 on that date the company stock price was traded at 30
Victoria exercises her option on Sept 15,20X9 when the share price was 40 On October 10,20X9 she sold those shares for 50 each and she pays 1,000
commission for CIBC Investor Edge, to handle this transaction.
6 Years ago, Victoria plans to move to Edmonton to be close to schools for her children, in 20X1 she won 600,000 from a lottery ticket
immediately (in 20X1) she purchases two houses, first home for 290,000 in downtown Edmonton; and the second one for 190,000 in Reddeer
where she used to live. In 20X9 her daughter stayed in Edmonton house while she is attending University. In 20X3 her accountant advise her to designate the house in Edmonton as the principal residence,
as he believes the houses will appreciate in the coming years in Edmonton. In April 20X9 she sold the second house in Red deer for 220,000 and she moves to Edmonton,
she fill out form T2091 based on her accountant's advice and designated the Edmonton house as the principal residence from 20X3 and after.
7 In April 20X9, Victoria moves to Edmonton, here employer help her to be transferred to Edmonton branch, which located only 2km from here Edmonton home.
She drove 155 km in here Van, with here 3 children and husband, and she pays the moving company 6,500
to move here household to Edmonton. The moving company delays the delivery due to drivers strike, she and her family stayed in Holiday Inn hotel for 3 nights 4 days
and pays 300 per night not including meals (she provides you with the receipts). Alberta co. policy not to reimburse any moving expenses for any employee.
8 In Oct 1,20X8, she opens a term deposit account, and she deposited 225,000 earning interest of 8% and she will receive the interest at maturity on Sep 30,20X12.
9 In 20X9 she receives 17,000 non eligible dividend from taxable Canadian corp.
10 She owns rental property, capital cost 2,000,000 UCC on Jan 1,20X9 was 1,600,000 she receives 34,000 in rental revenues and incurred expenses (other than CCA)29,000
(the property in class 14% CCA rate and she will claim the max CCA) max CCA if possible
11 On June 20X9 she sold a vacant land for 1,250,000 she received 125,000 down payment and th

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