Mini-CaseE:(2.5marks)

After 13 years of schooling,Lindsay graduated fromthe University of Torontoin April 2019as aneurosurgeonandlanded a fabulous job inMontreala month later. She hadalwayslived inToronto,Ontariobutthis wasa great careeropportunity,so she decided to move last May.

a)Lindsay is ready to file her 2019Federalpersonal income tax return. Sheknows thatcertainmoving expenses are deductible against her new employment incomeso she knew tokeepallher receipts in case shewould beaudited by Canada Revenue Agency (CRA).With each bullet point below, help Lindsaydeterminewhich moving expenseshecanclaimas aFederaldeduction (highlight and underline your response).(2marks-.25 marks each)

CRA link may be helpful:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-21900-moving-expenses/you-claim-moving-expenses-12.html

Moving truck costs

Yes or No

Storage costs for her household items

Yes or No

Hotel costs for her overnight stay midway in Kingston, Ontario

Yes or No

Multiple flights to and from Montreal to Toronto for job hunting

Yes or No

Cost of cancelling her leaseforheroldrented apartment

Yes or No

Mail-forwarding costs with Canada Post

Yes or No

Costs for cancelling the hydro and internet disconnections

Yes or No

Meal expenses

Yes or No

b)Lindsay made aRegistered Retirement Saving Plan (RRSP)contributionbased on herCRANotice of Assessment, which shows her the RRSP deduction limit (i.e. how much she can contribute- note: herRRSP carry-forward amountsare nilas she has always maximized her annual contributions). She willclaimthemaximumcontributionas a deductionin her 2019 personal income tax return. If she is inthe highest marginal tax bracket, what will be her refund?(ignore Non-Refundable Tax Credits)(see Tables A, D)(.25 mark)

Calculate: (.25 mark)

c)Lindsayhas always filed a personal tax return each year since she was 18years old when she startedher residency. Now that she is30years old, she is happy that she did so as she has a large tuition amount carried forward that she will claim against her employment income.In 2019 she will be claiming $10,000, after applying the Federal tax credit rate, what will be the amount claimed?(see Table B)(.25mark)

Calculate: (.25 mark)