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Fill the boxes Required: Calculate Gege's net income for tax purposes for the 2021 taxation year in accordance with the aggregating formula of section 3
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Required: Calculate Gege's net income for tax purposes for the 2021 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. Assume CPP enhanced contributions were $291. 69 | $ $ $ $ Segment A Income Business Income - sale of Townhouses Employment Income Interest on Mortgage Counsel fee Q dividend grossed up Segment B Capital Gains and Losses Farm option Allowable capital loss on sale of X Ltd Taxable cap Gain Q Mutual Funds Taxable capital gain on cottage Taxable capital gain on house Taxable capital gain on ABC Ltd. Capital gain reserve Other deductions CPP enhanced contributions Segment D Losses Allowable Business Investment Loss Net Income for Tax Purposes I! Required: Calculate Gege's net income for tax purposes for the 2021 taxation year in accordance with the aggregating formula of section 3 of the Income Tax Act. Assume CPP enhanced contributions were $291. 69 | $ $ $ $ Segment A Income Business Income - sale of Townhouses Employment Income Interest on Mortgage Counsel fee Q dividend grossed up Segment B Capital Gains and Losses Farm option Allowable capital loss on sale of X Ltd Taxable cap Gain Q Mutual Funds Taxable capital gain on cottage Taxable capital gain on house Taxable capital gain on ABC Ltd. Capital gain reserve Other deductions CPP enhanced contributions Segment D Losses Allowable Business Investment Loss Net Income for Tax PurposesStep by Step Solution
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