Marty Bird is employed as a shipping supervisor. In the evenings and on weekends, he holds a second job as a real estate salesman for a national real estate firm. His financial information for 2020 is as follows:

His salary from his day job is $63,000 per annum. However, the employer deducts a number of items from his salary, and so his net take-home pay is only $43,991. The following amounts were deducted in 2020:

Income tax	11,000
Union dues	600
Canada Pension Plan	2,749
Employment Insurance premiums	860
Registered pension plan contribution	3,000
Charitable donations remitted to United Way	800
	$19,009

The employer paid the following amounts related to Marty:

Canada Pension Plan	2,749
Employment Insurance premiums	1,204
Registered pension plan	3,000
Group term life insurance premiums ($50,000 coverage)	1,200
	8,153

Marty used the employers summer camp for a one-month holiday and paid the employer $200 rent. When not being used by employees, the summer camp is rented for the normal amount of $600 per month.

Although Marty owned his own automobile, he was provided with a company car. The car cost the company $35,000. During the year, he drove a total of 24,000 km, of which 16,800 was for personal use. The employer also paid all of the operating costs, which amounted to $3,000. During the year, Marty attended a shipping conference in the Ozarks. His wife travelled with him at the companys expense ($1,000).

On March 1 of 2020 Marty received some low interest loans that bear interest at 1% per year. Marty paid the 1% interest on the loans on February 15th 2021, 5 days in advance of the employer preparing everyonesT4 for the 2020 tax year. The principal portions of the loans are repayable at the end of five years. Marty received a home purchase loan in the amount of $180,XXX where the XXX are the last 3 numbers of your University of Windsor student number. For example, if the last 3 digits of your student number are 013 the amount to use for the home loan is $180,013. Marty also received a $20,000 loan to purchase investments in shares in Canadian public corporations. Assume the prescribed interest rates for the current year were 4% for the first quarter and 5% for the remainder of the year.

As a real estate salesman, Marty earned an annual base salary of $8,000 and received commissions of $6,000. In relation to his real estate work, he incurred the following expenses:

Dues to a local real estate association	400
Fee for a three-day seminar on how to be an effective salesperson	3,000
Advertisingcalendars and pens	1,700
Automobile operating costs	4,000
Promotion (meals and drinks for clients)	2,800
Personal meals (during in-town business)	400
Purchase of a portable telephone	600

Marty used his own automobile for his real estate activities. The car has an undepreciated capital cost for tax purposes of $10,000. During the year, he drove a total of 30,000 km, of which 27,000 was related to selling real estate. His employer provided him with a monthly car allowance of $200 ($2,400 per year).

Determine Martys net income for the 2020 year.