Even though she is a student who only works part-time, Kimberly likes to make charitable donations to several organizations each year. During the current year, she made donations to the following organizations:- Cancer Society (charity): $1,000- United Way (charity): $550- Stollery Children’s Hospital (charity): $600- Ronald McDonald House (charity): $1,750- Federal Green Party (political party): $550

Kimberly’s net income in the current year was $5,000. Which  is the charitable donation credit for Kimberly in the current taxation year?

Ottawa Corporation has gross business revenues for the year ended October 31, 2019 of $165,500. In addition, the corporation incurred the following expenses during the year:Meals and entertainment expenses: $ 38,000Amortization and depreciation: $ 69,000Landscaping costs: $ 32,000Charitable donations: $ 2,500You have correctly determined CCA to be $61,000. The corporation also received dividends (income) from other taxable Canadian corporations of $52,000 during the year (this amount is not included in the business revenues noted above). What are the  amounts for first, Net Income for Tax Purposes, and second, Taxable Income?