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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) EI

Jerry provides you with his income tax information for this year:

  1. Employment Income:$200,000
  2. CPP Deduction from his Payroll T4 slip: $0 (80 years old)
  3. EI Deduction from his Payroll T4 slip: $890
  4. Capital Gains: $20,000 (hint: calculate taxable capital gains)
  5. Union Dues Deduction:$2,000
  6. RPP Deduction:$10,000 (based on previous years earned incomes, assume allowed amount for this year)
  7. Interest Income: $5,000
  8. Employment Expense Deduction: $10,000
  9. Non-Capital (Business Loss from 2018) Loss Carry Forward: $20,000
  10. 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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