Jerald Gilreath is an employee of a Canadian publicly traded company. He works in their Calgary office and lives downtown in a high rise condo. In addition to his 2017 base salary of $175,000, he earns commissions of $21,460.

Other employment related info is as follows:

1. Jerald's employer requires him to pay all his employment related expenses, as well as provide his own office space. Jerald has the required Form T220 from his employer.
2. Jerald's travel costs for 2017, largely airline tickets, food, and lodging, total $26,900. This includes $11,300 spent on meals while traveling for his employer. This meal total includes meals with clients of $4,300.
3. Jerald is a member of his employer's registered pension plan. During 2017, $4,100 was withheld from his salary as a contribution to his plan. His employer made a matching contribution of $4,100.
4. During 2017, Jerald pays dues to his professional association of $422.
5. During 2017, Jerald was billed a total of $10,500 by his golf club in Calgary. Of this amount $2,850 was the annual membership fee, with the remaining amount for meals and drinks with clients. He uses the club only when he is with clients.
6. For his employment related travel, Jerald drives a car he purchased on January 1, 2017 for $42,000, including GST. During 2017, he drives 52,000 kilometers, of which 43,000 are employment related. Jerald had financed the car with a loan from the bank and during 2017 he had paid interest of $2,750.

The cost of operating the car during 2017 were $10,920. He has been advised by his accountant that, if the car were used 100 percent for employment related activities, the maximum CCA for 2017 would be $4,500.

7. Jerald uses 25 percent of his personal residence as an office. During 2017, the cost associated with his home were as follow:

Interest payments on mortgage $9100

Property taxes 3750

Utilities 1925

Insurance 1060

Furnace, Wiring and Foundation Repairs 4200

Total $20035

8. At the beginning of 2017 Jerald's employer grants him options to buy 500 of the Company's shares at a price of $17.50 per share . This was the market price of the shares at the time the options were granted. During July 2017 when the shares are trading at $19.75 per share, he exercises all of these options. In order to buy Christmas gifts for his family, he sells 100 of these shares in early December, 2017. The proceeds are $20.50 per share.

9. His employer has a policy of giving all employees gifts to promote employee loyalty and help local business. During 2017 Jerald received the following gifts:

-A weekend for him and his wife at a local hotel. The value of the girt was $425

-A $400 gift certificate at a local electronics/hardware store

• A basket of fruit, nuts, and cheese with a value of $225

10. During 2017, Jerald purchased tickets to Calgary Flames games for $1920. He used these tickets to attend games with key personnel from important clients. He also purchased tickets to a Montreal Canadians game in Montreal or $864. He used these tickets to attend the game with his prospective client located in Montreal.

Calculate Jerald's minimum net employment income for 2017 taxation year. Ignore GST and PST considerations.