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Mindy Fey was born on July 3 , 1 9 8 8 , is single, and works as a manager for a manufacturing company in
Mindy Feywas born on July is single, and works as amanagerfor amanufacturing companyin Ontario. The following is contained onMindysT slip from her employer:Employment income$Employment Insurance premiumCanada Pension Plan contributionRegistered Pension Plan contributionIncome Tax paiddeducted by employerOnDecember Mindycontributed $ to her RRSP and received a receipt for income tax purposes. She contributed this amount because her accountant advised her that she would be able to fully claim it inIn late Mindypurchased $ worth ofEnbridge Inc.shares which she financed with an investment loan that charged her $ in interest during During she received $in dividends from her shares. Late inMindysold all of hershares for proceeds of $She also received $ in interest income from her savings amount of $ in her financial institution.Prepare the income tax return forMindyby using the following steps:Step : Calculate Total IncomeStep : Calculate Net Income by subtracting deductionsStep : Calculate Taxable Income same as Net IncomeStep : Calculate Net Federal Tax PayableStep : Calculate applicable nonrefundable Tax creditsStep : Calculate Tax owed or RefundMake sure to identify all items in all the steps when conducting the above and show all your calculation including formulas used in each cell as applicable. Use separate areasof the same worksheetfor steps addressed above andshow calculations done for specific items such as dividend amount, taxable capital gain, nonrefundable tax credit calculation etc.Use the sample solution format provided by yourInstructor
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