Andrea works for Short Line Limited as an engineer. She has 2019 taxable income of $100,000, which is 100% employment income. The maximum CPP and EI was withheld from her paycheque during the year, plus $15,000 in federal income taxes. Her common law partner, Jamie, has a net income of $5,000.
Andrea is also a volunteer firefighter and volunteered for 500 hours for the local fire department in 2019. She also bought a house this year for $450,000. Neither her nor her common law partner had owned and lived in another home in the last 5 years.
The couple have one child who is 7 years old. During 2019, Andrea spent $1,000 on medical expenses for their child, plus $2,000 in medical expenses for herself and $500 for Jamie.
Andrea donated $3,500 to the Canadian Mental Health Association during the year. She also made political contributions of $1,200 to a registered federal political party in 2019.
Required: Determine Andreas federal tax payable or refundable for 2019. Answer on the excel response sheet, in the yellow boxes on the problem 3 tab. For any credit she is not eligible for, you may leave the yellow box blank.
Income Tax and Benefit Retum Shio Step 1-4. Taxable income has been provided to you in the problem). Fill in the appropriate numbers in each of the yellow boxes to solve problem. I you have any rough work.please include in the green lo the right not required for this question) For any Credit Andrea is not eligible for, you may save the yellow box blank for that credit y l 30000 Imaxinun 57 4941 30100 30300 3 d imuninum $2.230 30000 20425 30450 30509 3 6 x $2.230 7 Step 5 - Federal tax (formerly schedule 1) Basic per amount Age amount if you were born in 1954 or earlier luse ederal worksheet Spouserconnor law partner amount of tinc. crte $12.009 his or her not income from page 1 of your retumi Amount for an dipole dependant cach Schedules negrive enter"0" 51205 min hearmaine Caruso Dar for en uriner, or a bladerdertige Border 12,229) Canada Amount for the industrie X$7.140 Canada carey her erround for diren bon under 18 years ago CP?OPT contribution through ansluttrar box and box 17 od 14 slip on ilmsloyment and ather eminesch Schedule Enclopment inaurence permin. frumbs. 13 and bass on al 14 slips en slant ansicherlighierringertach hadur 13) Volurbo Trailers' amount Search and it Caradenplan of your parasytan increan line Darline100001 Home Buyers'Amount Home Arreghits Adoption Paraian insam amount uw federal waar het (masimu $2,7491 20BUD 31000 31200 8 9 rain 21217 31220 10 11 12 11 11340 Imanimum $1.2321 - memum $10,000 31365 31270 31385 31300 31400 15 LG 17 imanimum $2.00 13 20 21 Dauby amount or swifi $8,410 or, if you were under age 12, use ledere were Disability amount transferred from a dependant le federal worksheet interese pad on your students Your Tuition, education, and textbook amounts attach Schedule 111 Tuition, education and textbook amounts transferred from child Amounts trademarcommande arter attach Schedule Medical sensestorwelt Use Of common-law partner, and your dependent children bomia 1997 rater Minu: $7,357 alina, where 91400 31400 31900 12100 32400 12000 22 22 24 33099 25 Sublocalestine 27 Allowablamount of medical care for the dependants Komplete the worksheet for the return 33199 Add line 27 and 28 13209 13500 Adam 1020 20 20 15% 31 Federal non-condensare Multiply line by line 31 33800 34900 Donations and gifta (15% on first $200 and 25. thereafter for 15% on ft $200 and 3% there 33 tersambunt on line 461 Total federal non-refundable tax credits:addlines 32 and 33 35000 24 Part B - Federal Tak on Taxable income Enter your table income from line 26000 of your retum 35 If lines >> $47,850 bu! 595,259 Ine 25 395250 but $147.667 47,630 If I 5 3147 86T but fire $210,321 $210,371 14T GET 210.371 36 47, BD 93,250 17 Use the mountains to determine which one of the following could you have to compete Enter the amount from line 19 Tenunt Line 36 min.sling? Iannot be Face Multiply line 38 by line 39 Tax on base amount Add lines 40 and 41 X 15 20.5% 26 33% 39 NIL 40 41 7,145 16,904 30.535 48,719 Gato Put Go to Parts Go to Port Getoetc Go to Part Part C-Net Federal Tax Enter the amount from line 42 above Federal tax on split income Add lines 43 and 44 43 44 40424 40400 45 Enter the amount from line 34 from prior para Non-refundable Tax Credit Federal dividend tax credit (see line 40425 in the guide Minimum tax carryoverlattach Form TB1) Addlines 46, 47, and 48 35000 40425 40427 46 47 Basic federal tax Line 45 minus in 490f negative, averom) 42900 SO 40500 51 52 Federalforeign tax credit attach Form 122091 Federal looking tax credit Federal tax Line 50 minus ine 51 of negative, enter") Total federal political contributions attach receipts Federal political contribution tax credit (use federal worksheet) (max $650) Investment to credit latch Form 12038INDD Labour scensored funds tax credit 41300 Net cost Allowable credit Add lines 54, 55, and 56 Line 52 minus line 57 negative, enter"") 40300 41000 41200 40600 53 54 55 41400 41600 56 57 58 41700 Canada workers benefit aceance payments received box 10 on the RC210 slip Special tanes we line 41800 in the puide) Net Federal Tax add line 55.59,00 Enter this amount online 2000 of your return 41500 41600 42000 60 CPP Payable Federal Tex Withheld negative Payable Refund Income Tax and Benefit Retum Shio Step 1-4. Taxable income has been provided to you in the problem). Fill in the appropriate numbers in each of the yellow boxes to solve problem. I you have any rough work.please include in the green lo the right not required for this question) For any Credit Andrea is not eligible for, you may save the yellow box blank for that credit y l 30000 Imaxinun 57 4941 30100 30300 3 d imuninum $2.230 30000 20425 30450 30509 3 6 x $2.230 7 Step 5 - Federal tax (formerly schedule 1) Basic per amount Age amount if you were born in 1954 or earlier luse ederal worksheet Spouserconnor law partner amount of tinc. crte $12.009 his or her not income from page 1 of your retumi Amount for an dipole dependant cach Schedules negrive enter"0" 51205 min hearmaine Caruso Dar for en uriner, or a bladerdertige Border 12,229) Canada Amount for the industrie X$7.140 Canada carey her erround for diren bon under 18 years ago CP?OPT contribution through ansluttrar box and box 17 od 14 slip on ilmsloyment and ather eminesch Schedule Enclopment inaurence permin. frumbs. 13 and bass on al 14 slips en slant ansicherlighierringertach hadur 13) Volurbo Trailers' amount Search and it Caradenplan of your parasytan increan line Darline100001 Home Buyers'Amount Home Arreghits Adoption Paraian insam amount uw federal waar het (masimu $2,7491 20BUD 31000 31200 8 9 rain 21217 31220 10 11 12 11 11340 Imanimum $1.2321 - memum $10,000 31365 31270 31385 31300 31400 15 LG 17 imanimum $2.00 13 20 21 Dauby amount or swifi $8,410 or, if you were under age 12, use ledere were Disability amount transferred from a dependant le federal worksheet interese pad on your students Your Tuition, education, and textbook amounts attach Schedule 111 Tuition, education and textbook amounts transferred from child Amounts trademarcommande arter attach Schedule Medical sensestorwelt Use Of common-law partner, and your dependent children bomia 1997 rater Minu: $7,357 alina, where 91400 31400 31900 12100 32400 12000 22 22 24 33099 25 Sublocalestine 27 Allowablamount of medical care for the dependants Komplete the worksheet for the return 33199 Add line 27 and 28 13209 13500 Adam 1020 20 20 15% 31 Federal non-condensare Multiply line by line 31 33800 34900 Donations and gifta (15% on first $200 and 25. thereafter for 15% on ft $200 and 3% there 33 tersambunt on line 461 Total federal non-refundable tax credits:addlines 32 and 33 35000 24 Part B - Federal Tak on Taxable income Enter your table income from line 26000 of your retum 35 If lines >> $47,850 bu! 595,259 Ine 25 395250 but $147.667 47,630 If I 5 3147 86T but fire $210,321 $210,371 14T GET 210.371 36 47, BD 93,250 17 Use the mountains to determine which one of the following could you have to compete Enter the amount from line 19 Tenunt Line 36 min.sling? Iannot be Face Multiply line 38 by line 39 Tax on base amount Add lines 40 and 41 X 15 20.5% 26 33% 39 NIL 40 41 7,145 16,904 30.535 48,719 Gato Put Go to Parts Go to Port Getoetc Go to Part Part C-Net Federal Tax Enter the amount from line 42 above Federal tax on split income Add lines 43 and 44 43 44 40424 40400 45 Enter the amount from line 34 from prior para Non-refundable Tax Credit Federal dividend tax credit (see line 40425 in the guide Minimum tax carryoverlattach Form TB1) Addlines 46, 47, and 48 35000 40425 40427 46 47 Basic federal tax Line 45 minus in 490f negative, averom) 42900 SO 40500 51 52 Federalforeign tax credit attach Form 122091 Federal looking tax credit Federal tax Line 50 minus ine 51 of negative, enter") Total federal political contributions attach receipts Federal political contribution tax credit (use federal worksheet) (max $650) Investment to credit latch Form 12038INDD Labour scensored funds tax credit 41300 Net cost Allowable credit Add lines 54, 55, and 56 Line 52 minus line 57 negative, enter"") 40300 41000 41200 40600 53 54 55 41400 41600 56 57 58 41700 Canada workers benefit aceance payments received box 10 on the RC210 slip Special tanes we line 41800 in the puide) Net Federal Tax add line 55.59,00 Enter this amount online 2000 of your return 41500 41600 42000 60 CPP Payable Federal Tex Withheld negative Payable Refund
