67.3; IT-35282 continue to pay lub Problem 21 Robby Beamon has recently been appointed vice-president of sales and marketing for Lori's Unpub- lished Books Limited, a public company. Robby has come to you for advice regarding the tax implica- tions of his new position. During your meeting you were able to determine the following information: 890 600 car .. HAH COSTO Remuneration for the year: $84,800 Salary - gross ..... $3,166 Less: Canada Pension Plan contributions Employment Insurance contributions 4,686 Disability insurance premiums ................. del santuan shtator 008, at $80,144 091 Bonus based on company sales .......................... 13,000 Allowances for the year (paid monthly): emitong sa ibnica to sto s bung tid 34,000 BIOS nie meals, accommodation, and air travel. 6,300 entertainment 2,000 DEO Moving allowance. 15,000 Robby has summarized the following expenses related to his employment: MATTOJETO Gas and oil - automobile $ 3,900 i no es Painting office only)............ 1003 Licences -- automobile. Meals (consumed while travelling away for more than 12 hours) 100 m 7,000 vesten House insurance Accommodation (while travelling on company business) 800 Interest expense - car loan General maintenance (house) 3,600 Car insurance 300 DOS 10 A Hydro 1,900 Air travel ........... 99 700 S b Car maintenance IT 4,200 to Supplies .... 1,000 TO Fuel (house) mol 700 m 2 Property taxes 1,200 Mortgage interest . 4,500 24,000 15,000 BH 10,000 loe Salary (to wife, including payroll taxes and employer contributions) 10 Lori's Unpublished Books Limited requires Robby to provide an automobile in order to carry out his duties of employment. Robby is responsible for his travelling expenses. On March 17, 2021, he acquired 13,850 a new car for $46,000, including HST at 15%, financing part of the acquisition through a bank loan arranged for the same date. The capital cost allowance rate in the first year is effectively 15%. He estimates that he will drive 38,000 kilometres in the course of his employment. He expects his total kilometres to the end of the year to be 45,000. The car and the employment use are reasonable for his position and his work requirements. Robby has receipts for at least $650 of moving expenses related to his move to work for Lori's Unpublished Books Ltd. Robby's contract also requires that he maintain an office in his home, since no other office is provided. He is responsible for all costs related to the operation of the office. He does not receive an allowance or reimbursement related to any of these costs. Robby has estimated that the office occupies approximately 15% of his home. This estimate is based on square footage. Robby estimates that if he had to rent a comparable amount of space he would have to pay $850 per month plus utilities. (A) Robby would like you to calculate his employment income for 2021, assuming that all expenses are reasonable in the circumstances and will be documented. Ignore consideration of the HST rebate. din datorita akan (B) Robby would also like you to recalculate his deductible expenses assuming the following: ITA: 8(1) . the car was leased instead of purchased on March 17, 2021. Todo o tani 190 TL monthly lease payments are $1,100 including HST at 15%. RAS manufacturer's list price is $48,500 excluding HST. this com 2, a
