Chapter Review Problem 4-1. Read the information below and follow the instructions. Taxpayer Information: Charles Masterson is divorced. During the last 10 years, Charles has lived in a rental apartment at 1225 Josef Street, Your City, YP, L4A 2R2. In May 2021, he purchased his first home in a decade a few blocks away at 28 Magnolia Crescent, Your City, YP, L3P 1X2, where he moved in on June 1. Note: Charles is not eligible for any moving expenses (specifics of which will be covered in Chapter 5). Charles works as a teacher at a local secondary school. Although not required to do so, he spent \\( \\$ 3,000 \\) out of his own pocket for school supplies to help him in his teaching. He would like to deduct the \\( \\$ 3,000 \\). Charles wants to register for online mail. He wants to answer \"Yes\" to the Elections Canada questions. Charles does not own any foreign property. Instructions: 1. Answer the questions below and then prepare a tax return for Charles through Line 35000 at the end of Step 5 Part B. 2. Manually calculate the resulting GST/HST credits for Charles. 3. If you live in a province with Climate Action Incentive Payments, calculate the corresponding payments Charles will receive. 4. After answering the questions, complete a tax return for Charles through Line 35000 , complete Form T2204 and page 3 of Schedule 8 for him and enter any refundable tax credits he is entitled to in Step 6 of the tax return. Q What are his options regarding the \\( \\$ 3,000 \\) of teaching supplies he purchased? Q Is Charles entitled to any other claims on his tax return? Chapter Review Problem 4-1. Read the information below and follow the instructions. Taxpayer Information: Charles Masterson is divorced. During the last 10 years, Charles has lived in a rental apartment at 1225 Josef Street, Your City, YP, L4A 2R2. In May 2021, he purchased his first home in a decade a few blocks away at 28 Magnolia Crescent, Your City, YP, L3P 1X2, where he moved in on June 1. Note: Charles is not eligible for any moving expenses (specifics of which will be covered in Chapter 5). Charles works as a teacher at a local secondary school. Although not required to do so, he spent \\( \\$ 3,000 \\) out of his own pocket for school supplies to help him in his teaching. He would like to deduct the \\( \\$ 3,000 \\). Charles wants to register for online mail. He wants to answer \"Yes\" to the Elections Canada questions. Charles does not own any foreign property. Instructions: 1. Answer the questions below and then prepare a tax return for Charles through Line 35000 at the end of Step 5 Part B. 2. Manually calculate the resulting GST/HST credits for Charles. 3. If you live in a province with Climate Action Incentive Payments, calculate the corresponding payments Charles will receive. 4. After answering the questions, complete a tax return for Charles through Line 35000 , complete Form T2204 and page 3 of Schedule 8 for him and enter any refundable tax credits he is entitled to in Step 6 of the tax return. Q What are his options regarding the \\( \\$ 3,000 \\) of teaching supplies he purchased? Q Is Charles entitled to any other claims on his tax return