M Pedro Kwood is 10 years and lives. They Melody will stay 1.400 o years and rely was uployed public com Howwe, 2000 we comedie w $0.256 She had 2021 income from who partners Chow them when Red Fiscal Pedro del comfor 2021. Round your M Pedroowood mm 2095 comes Byrd & Chen's Canadian Tax Principles, 2021-2022 ERION LOSSES Employment information M Mc Pedro Kirkwood is 3 years of age and lives with his spouse Violet Kirkwood. They have two children, Med - X20 Medical expenses During 2021, the minous medical expenses as shown below. Pedro 1 1.000 Violet 1.000 Melody (No Attendant Care Costs) 13.100 550 Total 516450 Pedros employed as a person by a Canadian pompany Hal salary is $4.500 and, in addition to 700. The following mounts we wild by his uployer during 2012 RPP Contributions 14.300 10 CPP 100 Professional Association Dues 1.700 Annual United Way Donations 1200 Pedro's employer makes a matching contribution of 1.200 Pedro's player requires that he maintain oficinis home and has provide with the rest Form T2200 This office 20% of the pinistom His home in costs for 2021 www Maintenance and Us 5 3.500 Property Insurance 30 Mortgage interest Pedro's mer provides a $2.500 per month we lo cover manned experie, including an automobile the wall The automobile was cred in 2020 at a cost of $45.00 in 2000 mm um becamed OCA based on the whole bon est Print Done 7.000 Print Done Other information Pedrywer dhe Etext pages Calculator MacBook Air DU 18 . 18 esc & X $20 sh space in his home. His home operating costs for 2021 are as follows ne months. Her tuition fees Maintenance and Utilities Property Taxes $ 3,500 7,000 830 Insurance Mortgage Interest 4,100 Pedro's employer provides a $2,300 per month allowance to cover all of his employment-related expenses, including an automobile that he owns personally. The automobile was acquired in 2020 at a cost of $45,500. In his 2020 income tax return, he claimed CCA based on the automobile being used 55% for employment-related use and 45% for personal use. For 2021, the employment related use increased to 80%. Pedro's employment-related expenses for 2021 are as follows. Automobile Operating Expenses $ 6,300 Hotels 11,100 Airline and Other Transportation 8.900 Client Meals and Entertainment 10,100 Two years ago, Pedro's employer granted him options to buy 1,200 shares of the company stock at $12 per share. At that time, the shares were trading at $9 per share. In February 2021, when the shares are trading at $18 per share, Pedro exercises all of these options. In November 2021, he sells all of these securities for $22 per share. Print Denn Other information o cover all the owns In his 2020 d 55% for 1, the emp 1. Pedro owned two very large oil paintings, each of which cost $9,800. Since he renovated his home and added many more windows, he no longer had the wall space to hang these paintings. During 2021, he sells one painting for $14,500 and the other painting for $3,700. 2. Pedro inherited a tract of land from his father. Pedro's ACB was $101,000. In July 2021, he sells the land to help finance his home renovations. The sale price is $350,000 and the terms of the sale require a 2021 payment of $100,000, with the balance being paid in annual instalments of $50,000 in each of the years 2022 through 2026. Pedro would like to maximize the use of capital gains reserve to defer as much of the gains as possible. 3. During 2021, Pedro received non-eligible dividends of $5,700. 4. Since 2016, Pedro and his family have owned a cottage on a nearby lake. It had cost $248,000 of which Pedro has paid $76,000 for the land and $172,000 for the building. As their use of this property has declined over the years, Pedro has decided to convert the cottage to a rental property. At the time of the change, the property was appraised at $378,000 with $95,000 attributable to the land and $283,000 to the building. During 2021, net rental income before the deduction of CCA equals $13,500. Since his city home has a very substantial increase in value, Pedro does not intend to designate the cottage as his principal residence for any of the years of ownership. WS. y 1,200 shar ere trading a 8 per share, all of these se Print Done Powd years of age and we w They are what is why she During 400 3 years and was led by any weber 20y Dung wie were 10,260. She 2001 come to various parts 100 Pedroominum noncom for 2001 and your Pero 2001 employmen (Click the icon to view other information.) Required First, calculate Pedro Kirkwood's minimum net income for 2021. (Round your answer to the nearest dollar.) Mr. Pedro Kirkwood's minimum 2021 net income is $ . PEUGE Mr Pederwood is 3 years of age and lives with his spus Violenwood. They have two children, Melody whole wow Michel who 12 years and in 2011.stom Violetis 38 years and until recent was employed by a large public company. However, in September 2000 she commenced to me uden at her boom ly , www.streetrar were 59,250. She had 2021 income from various part-time sources of $8.500. clothes to view the medical exp. Ce the loon to view the employment information the loon to view the information) Buited M Pedro Kwood is 10 years and lives. They Melody will stay 1.400 o years and rely was uployed public com Howwe, 2000 we comedie w $0.256 She had 2021 income from who partners Chow them when Red Fiscal Pedro del comfor 2021. Round your M Pedroowood mm 2095 comes Byrd & Chen's Canadian Tax Principles, 2021-2022 ERION LOSSES Employment information M Mc Pedro Kirkwood is 3 years of age and lives with his spouse Violet Kirkwood. They have two children, Med - X20 Medical expenses During 2021, the minous medical expenses as shown below. Pedro 1 1.000 Violet 1.000 Melody (No Attendant Care Costs) 13.100 550 Total 516450 Pedros employed as a person by a Canadian pompany Hal salary is $4.500 and, in addition to 700. The following mounts we wild by his uployer during 2012 RPP Contributions 14.300 10 CPP 100 Professional Association Dues 1.700 Annual United Way Donations 1200 Pedro's employer makes a matching contribution of 1.200 Pedro's player requires that he maintain oficinis home and has provide with the rest Form T2200 This office 20% of the pinistom His home in costs for 2021 www Maintenance and Us 5 3.500 Property Insurance 30 Mortgage interest Pedro's mer provides a $2.500 per month we lo cover manned experie, including an automobile the wall The automobile was cred in 2020 at a cost of $45.00 in 2000 mm um becamed OCA based on the whole bon est Print Done 7.000 Print Done Other information Pedrywer dhe Etext pages Calculator MacBook Air DU 18 . 18 esc & X $20 sh space in his home. His home operating costs for 2021 are as follows ne months. Her tuition fees Maintenance and Utilities Property Taxes $ 3,500 7,000 830 Insurance Mortgage Interest 4,100 Pedro's employer provides a $2,300 per month allowance to cover all of his employment-related expenses, including an automobile that he owns personally. The automobile was acquired in 2020 at a cost of $45,500. In his 2020 income tax return, he claimed CCA based on the automobile being used 55% for employment-related use and 45% for personal use. For 2021, the employment related use increased to 80%. Pedro's employment-related expenses for 2021 are as follows. Automobile Operating Expenses $ 6,300 Hotels 11,100 Airline and Other Transportation 8.900 Client Meals and Entertainment 10,100 Two years ago, Pedro's employer granted him options to buy 1,200 shares of the company stock at $12 per share. At that time, the shares were trading at $9 per share. In February 2021, when the shares are trading at $18 per share, Pedro exercises all of these options. In November 2021, he sells all of these securities for $22 per share. Print Denn Other information o cover all the owns In his 2020 d 55% for 1, the emp 1. Pedro owned two very large oil paintings, each of which cost $9,800. Since he renovated his home and added many more windows, he no longer had the wall space to hang these paintings. During 2021, he sells one painting for $14,500 and the other painting for $3,700. 2. Pedro inherited a tract of land from his father. Pedro's ACB was $101,000. In July 2021, he sells the land to help finance his home renovations. The sale price is $350,000 and the terms of the sale require a 2021 payment of $100,000, with the balance being paid in annual instalments of $50,000 in each of the years 2022 through 2026. Pedro would like to maximize the use of capital gains reserve to defer as much of the gains as possible. 3. During 2021, Pedro received non-eligible dividends of $5,700. 4. Since 2016, Pedro and his family have owned a cottage on a nearby lake. It had cost $248,000 of which Pedro has paid $76,000 for the land and $172,000 for the building. As their use of this property has declined over the years, Pedro has decided to convert the cottage to a rental property. At the time of the change, the property was appraised at $378,000 with $95,000 attributable to the land and $283,000 to the building. During 2021, net rental income before the deduction of CCA equals $13,500. Since his city home has a very substantial increase in value, Pedro does not intend to designate the cottage as his principal residence for any of the years of ownership. WS. y 1,200 shar ere trading a 8 per share, all of these se Print Done Powd years of age and we w They are what is why she During 400 3 years and was led by any weber 20y Dung wie were 10,260. She 2001 come to various parts 100 Pedroominum noncom for 2001 and your Pero 2001 employmen (Click the icon to view other information.) Required First, calculate Pedro Kirkwood's minimum net income for 2021. (Round your answer to the nearest dollar.) Mr. Pedro Kirkwood's minimum 2021 net income is $ . PEUGE Mr Pederwood is 3 years of age and lives with his spus Violenwood. They have two children, Melody whole wow Michel who 12 years and in 2011.stom Violetis 38 years and until recent was employed by a large public company. However, in September 2000 she commenced to me uden at her boom ly , www.streetrar were 59,250. She had 2021 income from various part-time sources of $8.500. clothes to view the medical exp. Ce the loon to view the employment information the loon to view the information) Buited