In 2022, 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 a small business corporation $ (2,000 ) At the end of 2021, William had: unused net capital losses of $ 16,000 and unused non-capital losses of $37,000. For 2022, William does not want to pay any federal tax and is entitled to a deduction for CPP enhanced contributions of $94, the basic personal tax credit $14,398, the Canada employment credit $1,287 and the CPP & EI credit amount of $872