In 2020, William Barker, who is single, earned the following income and incurred the following losses: Employment income $ 16.000 Business loss ($ 4,000) Taxable capital gains $ 7,000 Property income interest) $ 18,000 Allowable capital loss from the sale of shares of public corporations ($ 9.000) Allowable capital loss from the sale of shares of a CCPC that qualifies as ($ 2.000) a small business corporation At the end of 2019, William had: 1. unused net capital losses of $ 16,000 and 2. unused non-capital losses of $37,000. William does not want to pay any federal tax in 2020. For 2020. William does not want to pay any federal tax in is entitled to 1. a deduction for CPP enhanced contributions of $38. 2. the basic personal tax credit $13,229. 3. the Canada employment credit $1.245 and 4. the CPP & El credit amount of $872. Required: 1. Calculate William's Net income for tax purposes which would result in no tax liability after deducting tax credits. 3(a) Subtotal Segment A 3(b) Subtotal Segment B 3(0) 3(0) Subtotal Segment D Net income for tax purposes Taxable income Federal income tax Liability Deduct non-refundable tax credits: SubTotal Total Tax credits + 15% Federal tax payable 2. Calculate the maximum amount of non-capital losses and net capital losses remaining for carry-forward after 2020? Net capital loss loss carryforward beginning of year Plus Net-capital losses unused this year Net - capital losses remaining at end of year MO Non-capital loss carryforward beginning of year Less Non-capital losses used this year Non-capital losses remaining at end of year