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Jerry provides you with his income tax information for this year: Employment Income:$200,000 CPP Deduction from his Payroll T4 slip: $0 (80 years old) Taxable
Jerry provides you with his income tax information for this year: Employment Income:$200,000 CPP Deduction from his Payroll T4 slip: $0 (80 years old) Taxable Capital Gains: $10,000 Medical Expenses: $100 Union Dues Deduction:$10,000 Interest Income: $5,000 Charitable Donations Receipts: $10,000 Employment Expense Deduction: $10,000 Non-Capital (Business Loss from 2018) Loss Carry Forward: $20,000 Net Capital (netted at 50%) Loss Carry Forward: $10,000 What will Jerry insert into his Line 26000, Taxable Income , this year?
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