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Mini-Case A : (1 mark) It is October 30,2023, and Keanu Matrix has never filed his Federal and Quebec personal income tax returns even though
Mini-Case A : (1 mark) It is October 30,2023, and Keanu Matrix has never filed his Federal and Quebec personal income tax returns even though he has always lived in Quebec. Keanu has only held summer jobs where the amounts earned were below the Basic Personal Amount (Table B). For the upcoming tax year 2023, everyone is asking him to transfer his 2023 Tuition Amount to them. He has not yet decided who he will transfer this amazing non-refundable tax credit to. He also advised everyone that he will only be receiving his official T2202 tuition tax form from Concordia in February 2024. Below is what Keanu is expecting his T2202 to look like for the 2023 tax year. (1 mark) Canad a) Based on Keanu's T2202 tuition tax slip. how much of his tuition could he transfer to his father for his dad to use on his 2023 Federal tax return? (.25 marks) b) If Keanu does not transfer any of his tuition to his father. how much of his tuition could he transfer to his grandmother for her to use on her 2023 Federal tax retum? (.25 marks)
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