Employee Payroll Deduction for Union Dues and Registered Pension Plans (RPP) are Deductions and are entered on Line 30800 and Line 31000 in the current year T1 Canadian Income Tax Return.

The statement above is true or false?

True

False

10. Mary Singh, 72 years old, has the following information for her Income Tax Return this year:

Net Taxable Capital Gains

$10,000

Annual Union Dues

$2,000

Employment Income

$40,000

RRSP Deduction

$10,000

First Time Home Buyer's Credit, Non-Refundable Credit

$5,000

Mary's T1 Income Tax Return Net income, Line 23600 for this year is?

11. Philip's Calculated Maximum Purchase/Deduction for RRSP this year is $4,000. He purchased this year, an RRSP of $1,000.

He has never qualified to purchase and RRSP previously.

Philip can deduct a maximum of $4,000 for RRSP this year.

True

False

12. Mary Singh, has the following information for Capital Gains for her Income Tax Return this year:

Transactions for this year.

Sale Proceeds Received ($)

Original Purchase Cost ($)

Sale of RBC Shares

2,000

1,000

Sales of Shopify Shares

3,000

2,000

Sale of Phillips Oil Stock

5,000

10,000

The NET Taxable Capital Gain to be entered into Line 12700 for this year is $1,000.

True

False

13. Which income tax line number is used to determine the final Elgible Dependent Non Refundable Credit Amount.

Line 15000, Total Income

Line 23600, Net Income

Line 35000, Total Federal Non Refundable Tax Credits

Line 26000, Taxable Income

14. For this year, the maximum Federal Home Accessibility Non Refundable Credit Claim Amount, is $10,000 (before applying 15%)

If the taxpayer, pays a qualified amount of $2,000 to make his home senior's accessible, this year, the claim amount will be, $2,000 for this type of credit.

The entire above statement is true or false?

True

False

15. For this year's personal annual T1 income tax return, the 12 month period will end?

December 31

April 1

January 1

April 30

2. This year, Joe Smith is 66 year old.

This year, His Line 23600 is $48,893.

For this year, Joe Smith's Federal Age Claim Amount will be? (rounded to the nearest dollar)

5. Robert and Sandra have two children, not disabled, (ages, 3 and 4 year old)

This year, Robert's Earned Income is $30,000 and Sandra's is $60,000.

They paid a Nanny $5,000 this year to care for both children.

Please calculate this family's maximum Child Care Expense Deduction on Line 21400?

8. John Smith had the following, For Canadian Income Tax Return Purposes, Canadian Incomes and Losses for this year.

From only, the table below, The Total Income, Line 15000 is correct. True or False?

T1 Tax Return, Line

Item

Amount

10100

Employment Income

$40,000

12000

Taxable Dividend Income

$1,380

12700

Taxable Capital Gain/Allowable Capital Loss

($2,000)

15000

Total Income

$41,380

True

False

9.

Employee Payroll Deduction for Union Dues and Registered Pension Plans (RPP) are Deductions and are entered on Line 30800 and Line 31000 in the current year T1 Canadian Income Tax Return.

The statement above is true or false?

True

Fals

10.

Mary Singh, 72 years old, has the following information for her Income Tax Return this year:

Net Taxable Capital Gains	$10,000
Annual Union Dues	$2,000
Employment Income	$40,000
RRSP Deduction	$10,000
First Time Home Buyer's Credit, Non-Refundable Credit	$5,000

Mary's T1 Income Tax Return Net income, Line 23600 for this year is?