2)(12 Marks)Determine the various federal tax credits the below Mr. Taxpayer is entitled to for 2017:

Mr. Taxpayer received the following sources of income for 2017:

Bank Interest$2,900

Net Employment Income$64,900

RRSP Withdrawals$3,400 (Mr. Taxpayer is 42 years old)

Total Net Income & Taxable Income$71,200

Mr. Taxpayer had the following amounts withheld from their employment paycheque:

EI

$836

CPP

$2,564

Income Tax Withheld at Source

$22,715

Registered Pension Plan Contributions

$3,245

Life Insurance Premiums

$620

Total Withholdings from

Employment Income

$29,980

#2Additional Information

Mr. Taxpayer is divorced and has sole custody of their child (13 years old, in good health, and$1,600 in net income.)

$52 Was paid per month for bus passes for Mr. Taxpayer Jan - Dec, 2017 .Total for the year is :$624

Mr. Taxpayer contributed to a Registered Charity during the year.He has made similar$1,700contributions in prior years.

$420 Mr. Taxpayer contributed to a Registered Federal Political Party in 2017.

$1,900 Mr. Taxpayer incurred fees to register their child in hockey.

$4,900 Mr. Taxpayer incurred eligible medical expenses during the year.

$810 In addition, eligible medical expense were incurred for the son during the year.

REQUIRED:

Compute the federal tax credits that Mr. Taxpayer is entitled to for 2017.Ensure your answer includes all the required tax forms.

Hint: Start with Schedule 1 and use any related forms required.