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Additional Information (continued): Son: George Connor Age of Son: 14 Enrolled in Sports? Yes $374 Paid for Fees Sources of Income: $0 None Monthly Cost
Additional Information (continued): Son: George Connor Age of Son: 14 Enrolled in Sports? Yes $374 Paid for Fees Sources of Income: $0 None Monthly Cost of Bus Passes: Passes were purchased each month January to December. $43 Monthly Paid Mother-in Law: Name: Margaret Carter Lives_with_you (Note: Mother-in-Law relies on you for support) Age of Mother-in-Law Mentally or Physically Infirm? Yes 92 (Note: If infirm, not severe enough to qualify for disability tax credit) Sources of Income: $7,040 Old Age Security $2,662 CPP Payments Received $1,762 RPP Received Medical Expenses: The following expenses were incurred for the 2017 tax year: Mr. Connor $979 Dental Visit $648 Prescription Drugs Spouse Spouse Son $460 Botox Injections $519 Doctor Visit Donations: Registered_Charity $759 $ Donated** ** Assume taxpayer has donated in prior years REQUIRED: Prepare a 2017 T1 Return given the above information. Complete the T1 Income Tax Return and any relevant Schedules. When preparing the return, assume that any tax credits that may be transferred to Mr. Connor are. For simplicity, ignore provincial taxes. Cal al al g 1 rec nir cas tio (20 Marks) Prepare a 2017 T1 Return given the following information: Complete the T1 Income Tax Return and any relevant Schedules. Name: Mr. Henry Connor Age: 58 Years Old Province: Saskatchewan Gross Salary from Employment $91,766 + Cash Bonus Received in 2017 Total Union Dues Paid by Taxpayer RPP Contributions by Taxpayer $22,942 $114,708 $261 $579 RPP Contributions by Employer $1,094 El Withheld from Employment Cheque $836 CPP Withheld from Employment Cheque $2,564 Income Tax Withheld from Employment Cheque $28,677 T5 Bank Interest Income Received $1,658 Withdraws from RRSP Account (T4RSP Slip)* $7,117 * During the year, the taxpayer had cash flow issues and decided to cash in a portion of their RRSP in a lump sum Additional Information: Spouse: Name: Maggie Connor Age of Spouse: 60 Years Old Mentally or Physically Infirm? No (Note: If infirm, not severe enough to qualify for disability tax credit) Sources of Income: $10,012 Interest Income Attended Post Secondary Institution. 2 Full Time Months 4 Part Time Months $6,989 Tuition Paid in Year
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