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Mindy Fey was born on July 3, 1988, is single, and works as a manager for a manufacturing company in Ontario. The following is contained

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Mindy Fey was born on July 3, 1988, is single, and works as a manager for a manufacturing company in Ontario. The following is contained on Mindy's 2018 T4 slip from her employer: Employment income $81,000 Employment Insurance premium 955 Canada Pension Plan contribution 2,544 Registered Pension Plan contribution 6,100 Income Tax paid (deducted by employer) 17,400 On December 2, 2018, Mindy contributed $6,000 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 in 2018. In late 2015, Mindy purchased $51,000 worth of Enbridge Inc. shares which she financed with an investment loan that charged her $1,100 in interest during 2018. During 2018, she received $1,600 in dividends from her shares. Late in 2018, Mindy sold all of her shares for proceeds of S66,000. She also received $300 in interest income from her savings amount of $25,000 in her financial institution. Prepare the 2018 income tax return for Mindy, by using the following steps: Step 1: Calculate Total Income Step 2: Calculate Net Income by subtracting deductions Step 3: Calculate Taxable Income (same as Net Income) Step 4: Calculate Net Federal Tax Payable Step 6: Calculate applicable (non-refundable) Tax credits Step 7: Calculate Tax owed or Refund (10 marks) Make 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 areas of the same worksheet for steps addressed above and show calculations done for specific items such as dividend amount, taxable capital gain, non-refundable tax credit calculation etc. Use the sample solution format provided by your Instructor

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