Canadian Income Tax 2018

There are five independent cases which follow. Each case involves various assumptions as to the amount and type of income earned by Mr. Bob Barnes during 2018, as well as to other information that is relevant to the determination of his Tax Payable. Bob's Net Income for Tax Purposes is equal to his Taxable Income in all Cases. Case 1 Bob Barnes is 52 years old, has employment income of $75,000, and makes contributions of $4,500 to registered charities. Bob had CPP of $2,748 and El of $860 deducted from his employment income Case 2 Bob Barnes is 58 years old and has employment income of $75,000. His common-law partner is 53 years old and has income of $6,480. Bob had CPP of $2,748 and El of $860 deducted from his employment income. They have an adopted son who is 19 years old and lives at home. Bob and his partner have medical expenses of $4,300. Medical expenses for the son total $5,600. The son has Net Income for Tax Purposes of $4,200 Case 3 Bob Barnes is 58 years old and has income from investments of $95,000. He is divorced and has been awarded custody of his 21 year disabled son. The son qualifies for the disability tax credit. He has Net Income for Tax Purposes of $8,000, and is dependent on his father for support. Case 4 Bob and his wife Gabrielle are both 67 years of age. Gabrielle is sufficiently disabled that she qualifies for the disability tax credit. The components of the income earned by Bob and Gabrielle are as follows: Bob Gabrielle Interest Canada Pension Plan Benefits Old Age Security Benefits Income From Registered Pension Plan Total Net Income $ 750 $ 750 8,600 7,000 34,500 $50,850 7,000 1,450 $9,200 Case 5 Bob Barnes is 46 years old and has employment income of $162,000. Bob had CPP of $2,748 and El of $860 deducted from his employment income. His wife Gabrielle is 48 years old and has Net Income for Tax Purposes of $8,400. They have a 20 year old son who lives at home. He is dependent because of a physical infirmity. However, he is able to attend university on a full time basis for 8 months during 2018. Bob pays his tuition fees of $7,900, as well as $725 for the textbooks that he requires in his program. The son has Net Income for Tax Purposes of $10,000. He agrees to transfer the maximum tuition amount to his father Required: In each Case, calculate Bob Barnes' minimum federal Tax Payable for 2018 Indicate any carry forwards available to him and his dependants and the carry forward provisions