A taxpayer has the following financial results for a particular year:

Business profit: A Enterprise

Business loss: B Enterprise

Other sources of income: pension

Property income: interest

Allowable capital losses on sale of land

Allowable business investment loss

Taxable capital gains on sale of securities

Other deductions $($includes CPP enhanced contributions$)$

Employment income

$$10,000$

$(3,000)$

$12,000$

$5,000$

$(20,000)$

$(2,000)$

$15,000$

$(3,000)$

$30,000$

Required:

Determine the taxpayer's net income for tax purposes in accordance with the statutory scheme formula.

Segment

A

Subtotal Segment A

$

$0$

B

Sub total Segment B

C

D

Subtotal Segment D

Net Income for Tax purposes

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