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answer of full itr return Lab Assignent a DUE DATE - FRIDAV, NOVIMAER 1011/59PM All of the information pertains to the 2022 taxation year. Use

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answer of full itr return

Lab Assignent a DUE DATE - FRIDAV, NOVIMAER 1011/59PM All of the information pertains to the 2022 taxation year. Use the following information to complete the tax return usime Cantax seftware, Upload the completed tax return as a Cantax file Personal informatien (7 marks) Addressf 541Im Dr. Halton Hill ONL6t 5K7 Doth Cdocitizen Yestoflections Canada Notoforeing Property Childrent Sarah, 00020190924 Rebecea, 00120170477 Care The family paid $10,000 to a namy to take care of Sarah and $8,000 for before and after: school care for liebeca. Other Dependent Chritin's mother, Agnes Aptowicz Dor 1950.1101 , is dependent on her because of physical infirmity. The infirmity is not severe enough to qualify for disability credif. Her income for 2022 was $12,200 Other Information 1. Frest is emploved by compuserve Ine, and has the following information on his 14 $952.74, Income Tax $61,456,00,18P1517,80000 and Union bues $78000. 2. During the year, he sold 100 public hares of Metro for proceed of $6,60000. These had cost 91,60000 in 2005 . frest has an unused net capital loss from 2012 of $2,80000 and 2015 of 58,00000 3. He contributed 528,000.00 to his Ius, on Oetober 11, 2022 . Ilis contribution limit for 2022 was $46,00000 4. Imest paid the following medie al expenses durios 202 / for his family: 15. He made donations of $5,000 to the Heart and Stroke Foundation. 6. He is still paying his student loan and the interest on this student loan was $2,564.75 for the year. 7. They purchased their first home during the year for $850,000.00. 8. Earnest is a volunteer firefighter and had 208 volunteer hours during the year. 9. Christine worked part-time and had income reported on a T4: Gross income of $21,000,00, CPP of $1,039.00,E1 of $280.00 and income Tax deducted $2,900.00. 10. She received a taxable eligible dividend from RBC of $4,140.00. 11. Christine attended university in 2022 for 4 part-time months and paid $6,200,00 tuition and 8 fulltime months and paid an additional $9,300.00. Any unused tuition credit should be transferred to her spouse. Required: Prepare the 2022 tax returns for Ernest and Christin, ensuring the most optimal outcome for the taxpayers (23 marks)

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