Calculate Income for the year

$$500,000$ GIC purchased November $1,2022($interest payable at maturity on

October $31,2025)$ 

Accrued interest from November $1,2022—$ October $31,2023.........22,000$

Accrued interest from January $1,2023—$ December $31,2023.........22,428$

Interest earned on his investment account $($not joint$)$ with his investment

broker $....................................................2,600$

Interest earned on $2022$ personal income tax assessment $................900$

Interest on short$-$term investments:

$$40,000$ term deposit taken out November $30,2023($interest at maturity in six months$)$ 

Accrued interest from December $1—$ December $31,2023............270$

Interest earned on joint bank account with his spouse $($spouse contributes equally$)$

eqa equally$)...................................................$  $$4,000$

Government of Canada Treasury Bills purchased for $$14,009$ on January $3,2023$ 

Amount received on maturity on December $31,2023................18,000$

Cash dividends received from investment in common shares of Canadian

Controlled private corporations $......................................36,000$

Cash dividends received from common shares in US corporations $($net of $$4,000$ 

of foreign withholding taxes; all in $CDN$).........................25,000$