I would like to know the tax calculation for each transaction and if possible, the last part of the question which is "identify various tax planning issues so that the tax payment could be minimized. What advise can you provide her future tax filings."

Carol Fortier has been living in the beautiful city of Vancouver for the last few years. However, in 2019, Carol Fortier was transferred by her employer to Vancouver from Toronto. She has made a number of financial transactions related to the move. She recently attended a business conference organized by Toronto Chamber of Commerce. During the lunch period, she spotted one of her classmate and a good friend Fredrick. In a brief conversation, Fredrick told her that he acquired CPA designation with a specialization in taxation. Now he owns a small tax firm in Toronto, where he practices tax. Fortier was delighted to hear that. She asked if she could meet with him at a later date as she needs some help in organizing her taxes. Fredrick replied, "Why not"? The decided to meet two days later in Fredrick's Toronto office. She explained everything and gave all the relevant documents to Fredrick. She has provided the following information: 1 . Fortier is divorced and supports her two children Lise (age 17) and Randy (age 19). In the summer of 2019, Randy earned net profits of $4,000 as a street vendor. Lise's only source of income was from an investment purchased for her by her mother. The investment, bonds of a Canadian public corporation, paid interest of $1,000 during the year. 2. Fortier began work in Vancouver in February 2019, as a senior saleswoman for a clothing manufacturer. During 2019, she received a gross salary of $110,000 as well as selling commissions of $5,000. In addition, on June 30, 2019, her employer's year end, she was awarded a bonus of $12,000 payable in 12 monthly instalments of $1,000 beginning July 31, 2019. During 2019, she contributed $3,700 to the company's registered pension plan, and her employer contributed the same amount. She also paid $2,544 to the Canada Pension Plan and made Employment Insurance contributions of $955. 3. Fortier's employer has certified that she is required to pay some of her own expenses as part of her selling duties. In 2019, she incurred the following costs: Purchase of computer $ 3,000 Advertising and promotion 1,800 Entertainment: Meals and drinks 2,000 Golf club dues 2.400 4,400 Automobile-gas, repairs, and insurance 4.200 $13,400 Fortier uses her car for business activities. At the end of 2018, the car had an unamortized capital cost of $20,000 (original cost in 20X2, $22,000). In 2019, she drove the car 30,000 kilometres, of which approximately 12,000 was for personal use. In 2019, she acquired a computer (see table), which she uses at home to maintain customer files and industry information. She estimates that 90% of her 2019 computer time was employment related. 4. On January 15, 2020, Fortier contributed $7,000 to an RRSP. On the same date she contributed $4,000 to a TFSA. For the 2018 taxation year, her earned income was RPP was $6,400. $63,889. In 2018, the combined (employer and employee) contribution to her employer5. 1D. Fortler drove herself and her hvo children from Toronto to 1|.r'ancouver. The 4,400 Itm trip took. five days. She paid $400 for gasoline. $11-30 for accommodation for four nights. and $500 for meals for five days. As well. she incurred the following relocation costs: Real estate commission on sale of former home $19,000 Moving furniture 14,000 Legal fees to purchase new home 2,000 Legal fees on sale of former home 2,500 Temporary lodging and meals, in Toronto after the sale of the former home and in Vancouver before taking possession of the new home {30 days) Jam W Her employer, in accordance with company policy. paid her the maximum $10,000 as a partial reimbursement for transporting furniture to 1I.I'ancouver. Fortler wrote an article on selling strategies In the fashion industry. It was published In a national trade Journal. The article received wide acclaim. In September 2010. she was awarded a $2,000 prize for the best article of the year. In January 2010. Fortler sold her home in Toronto for $300,000. She had acquired the home In 2010 for $100,000 and had occupied it until the move to 'v'ancouver. Fortler sold the following properties In 2019: Original Selling price net _ccd W 4,000 shares of Teulon Ltd. [a public corporation} $22,000 $114,000 Clil painting 300 4,000 Commodity futures contract 16,000 23,000 The sale of the commodity futures contract was Forlier's second commodity transaction. In 201?, she purchased and sold a similar contract but lost $14,000. She deducted the full $14,000 in computing her 201? taxable income. Fortler owns a residential rental property in Toronto. She acquired the property In 2010 for $414,000 {land Stilt-.000. building $300,000]. She Incurred a substantial loss In 2010 as a result of an unexpected vacancy. She found a new tenant in 2019. She received gross rents of $40,000 In 2010. Expenses for utilities, taxes. insurance, Interest, and maintenance were $41100 that year. l[Zine of the tenants failed to pay Its December 2am rent of $2.000. However. she received that payment on January 20. 2020. 11. Fortier received the following additional amounts in 2019: Eligible dividends from taxable Canadian public corporations $6,000 Interest on bank deposits 7,000 Winnings from a provincial lottery 800 12. Fortier hired an investment counsellor in 2019. On his recommendation, she used $40,000 of the $200,000 mortgage loan on her new home to acquire Canadian public securities. Her mortgage interest payments in 2019 totalled $22,000. She paid the investment counsellor $2,000 for his advice. 13. In 2019, Fortier made donations to registered charities of $4,000. 14. During 2019, Fortier's 2017 tax return was reassessed. She hired a lawyer to prepare an appeal. The legal fee was $1,200. The appeal was not successful. Required: Fortier has asked Fredrick for help in determining her 2019 income for tax purposes. She has also asked him identify all relevant tax planning issues. Assume the role of Fredrick, prepare her tax return showing tax calculations in accordance with the net income formula, and organize the items of income by the categories described in that formula. Identify various tax planning issues so that the tax payment could be minimized. What advise can you provide her future tax filings