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Determine the maximum amount of 2 0 2 2 personal tax credits, including transfers from a spouse or dependant, that can be applied against federal
Determine the maximum amount of personal tax credits, including transfers from a spouse or dependant, that can be applied against federal Tax Payable by the taxpayer in each of the following independent Cases. A calculation of Tax Payable is NOT required.
Mr Holm has Net Income for Tax Purposes of $ all of which is investment income. He is single and provides support for his mother. His mother is a widow who resides in Latvia and has income of $ per year.
Mrs Thomas has Net Income for Tax Purposes of $ all of which is employment income. Her employer has withheld and remitted the required EI and CPP amounts. Mrs Thomas was married on December Her wife, a nursing student, had salary of $ for the period from January to November and $ for the month of December
Mr Jackson has Net Income for Tax Purposes of $ all of which is rental income. He lives with his commonlaw wife and their children. The children are and years of age and have no income for the year. His wife has Net Income for Tax Purposes of $
Mrs James is married and has Net Income for Tax Purposes of $ none of which is employment income or income from selfemployment. Her yearold dependent daughter attends university. Her husband has Net Income for Tax Purposes of $ and her daughter has Net Income for Tax Purposes of $ Her daughter does not wish to transfer her tuition, education or textbook credits.
Mr Morant is years old and has Net Income for Tax Purposes of $ which is comprised of Old Age Security benefits and pension income paid out of his Registered Retirement Income Fund. He is single and he has a son who is years old and is deaf. He has no income of his own.
Ms Young is divorced and maintains a residence far from her former spouse. She has custody of the children from the marriage. They are aged and and in good health. They both earn $ from paper routes. Her Net Income for Tax Purposes is $ all of which is spousal support payments.
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