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In the last 1 0 years, Victoria has worked for Alberta co . publicly traded corp. and her 2 0 X 8 Net Income for

In the last 10 years, Victoria has worked for Alberta co. publicly traded corp. and her 20X8 Net Income for Tax Purposes amounts of 59,480. this include employment income 25.920 after deduct 2,592 RPP, interest income 2,222 non-eligible dividends 2,393. Also, at the end of 20X8, her unused deduction room was 7,776 and her Pension Adjustment for 20X8 was 5,655. In 20X9 she receives 77,761 gross salary of that 67,761 from reddeer branch and the remaining from Edmonton branch 10,000. Her employer deduct and withheld the following:
Federal Income Tax: 11,664
Canada Pension Plan contributions: 3,110
Employment Insurance Premiums:
855
Registered Pension Plan Contributions: 3,888
Donation to United Way charity: 622
Professional Dues: 778
Contribution to Disability Pension Plan: 900
Use of business (employer) vehicle: 1,200
Victoria employer match contribution of 3,888 RPP and 900 to her disability plan. The plan was started 10 years ago, and the annual premiums never changed ($1,800 a year),(at Dec 31,20X8, her accumulated premiums in the plan were 700.
During 20X9, she receives 5,184 from her disability plan, while she is in hospital. Her employer provides her with a car purchased last year for 38,881 including taxes, the car was available to her for the entire year except for the month of march, she was in hospital for 31 days in Mar 20X9(during that time employer have the keys for the car). During 20X9 the car was driven total of 62,000 of that 51,000 km for employment. On April 1,20X9 Victoria receives options from her employer to buy 1,000 Alberta co. shares at 25 on that date the company stock price was traded at 30. Victoria exercises her option on Sept 15,20X9 when the share price was 40 On October 10,20X9 she sold those shares for 50 each and she pays 1,000 commission for CIBC Investor Edge, to handle this transaction.

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