Deductions or tax credits: RRSP Contributions 1000 Moving Expenses 1050 Net Capital Losses 1000 Federal political Donations 500 Provincial Political Donations 400 Charitable Donations 500 Employment Insurance 860 withheld from salary Canada Pension Plan 2749 withheld from salary 9 marks for the following calculations: Calculate Federal taxes payable and show all schedule or subsidiary calculations Show Total Income, Deductions, Net Income, deductions from Net Income, Basic Tax calculation (incl tax credits) Some research will be required Hints: You may need to calculate 1. Medical Expense tax credit 2. Dividend tax credit (grossed up amount) 3. Means tested NRTC such as age, transfers from spouse 4. Federal Foreign Tax credit 5. OAS clawback 6. Charitable Donation Can you recommend any other tax planning or income splitting options? 1 mark