Above Text but Rewritten^^

Ezra is one of his university's most prestigious professors, and he does an extensive amount of travel promoting the university's programs. All of the travel is incurred while he is away from his employer's place of business for at least 24 consecutive hours. According to his employment contract, he is required to pay his own travel expenses. He receives a flat rate monthly allowance of $1,000 to cover is travel expenses. The actual travel expenses for 2025 were as follovis

Hotels

Meals while travelling

Airline tickets

54.200

1.G5D

2.150

In addition to these expenses. Ezra used his own automobile, which ne purchased many years. ago for some of the travel. In 2023, he drove 32,000 kilometres, with 16,000 of these relatedto his travel for the university and the remaining 18,000 for personal use. Operating expenses for the year totalled $3,200. His accountant has advised him that CCA on the automobile for the vear (100% basisi would be $4,500. Eara received no a lowance for the use of his automobile In 2023, having accumulated 10 years of service with his current employer, Exra received a cash award of $350 and a very fancy placue. In acdition, al university employees receive a basket of gourret food at Christmas. The value of this basket is 4324

The university provides Ezra with $500,000 in life insurance coverage, as well as a supolemental accident and sickness insurance plan. The 2023 cost to the university for the life insurance coverage was $675, while the cost for the accident and sickness plan was $472. The accident and sickness plan would pay cash bencfits due to injury crilless, but it would not cay periodic benefits to replace salary if Era were unable to work. Eera does corcontribarte o ihe peymenis

8.

for the accident and sickness plan.

After he was injured in an accident, Ezra received bondlits under the accident and sickness blan of $1.245 in 2023

Other Income

Having worked for another university prior to joining his present emp over. Exra had 2003 income from RPPs sponsored by this university of $35,000. In addition. he receives CPP benefits of $13,000. Since he knows his income will remain quite high for the foreseeable future, Fora has not applied for OAS.

Personal Information

1. Ezra has been married to Laurie Pinnock for over 10 years. Lauris is 61 years old and, because of a terrible skiing accident three years ago, she is sufficiently disabled that she qualifies for the disability tax credit. Her net income in 2023 is SB, 420, which includes $2,500 of pension income from an RPP
2. Ezra and Laurie have a 25-year-old son named Martin. He is currently unemployed and lives at home with his parents. His only income is $3,400 in El benefits.
3. Laurie's father, Ezekial, is 92 years old. He lives in Ezra and Laurie's basement in-law suite, along with his 77-year-old common-law partner, Brenda. Ezekial has a physical infirmity and has income from various sources of $17,300. Brenda is in good health, but she had no income in 2023. She moved to Canada five years ago, so she is not eligible for OAS.
4. In 2023, Ezra spent $11,400 for home modifications required to deal with the mobility restrictions caused by Laurie's disability. Since Ezekial has very poor night vision, Ezra also spent $1,200 on installing motion-activateo external lights for Ezekial's safety.
5. - In 2023, the family had medical expenses, all of which were paid for by Ezra, as follows

Ezra

Laurie

Martin

Ezekial

Brenda*

$2,850

3.420

2.470

685

1.432

AP 3-14 Empiloymont incomo. For the past five yoars, Mr. Brooks has becn empopod as a financal ana yst by a large Canadian public com pany located in Winnipeg The gross rowonucs of the compeny are $660 milion. in 2023 , his basic gross sion. Of tho tolal sonus, $6,500 was paid in 2023 and tho romainder is to be paic an January 15,2024 . In 2025, Mr Brooks" employer withiheld the following arnounts from tis gross wages: Other Information: group disability insurance coverage, he reneived a total of 4 is, 000 in payments dufing this period. AI that compensate for lost emplowment income mothile be returned ig the nompary pramizes Stock at a price of $23 per share At tis time, the shares wese trad ng a $0 persinare. The stock options can be exercised itnmediately. Mr Ricoks exercised these cptions or duly 6 , 2003 , when the shales were trading at \$2B per share te does not plan to selt the shares for at least a vear. 4 in order to assist Mir Prooks in putchasing a new hoine inWirniden, his emolover granted him a t weon Detober 1, 2023, anc, at this the the nerest rate on ofien five-vear notgages was J%, Nssume the prescribed interest rate was 7% ion this date Mr Brook.5 purchased a house for $635,000 on Gotober 2. 2073. He has nevel owned a home 5. Oner dishunements made by Mr Hrocks inelude the following: musin: ederse- Raquirud: Calculate Mr. Brooks" 202: empl cyrnent income