Mr. Brooks is employed as a financial analyst by a large Canadian public firm located in Winnipeg. During 2019, his basic gross salary amounts to $63,000. In addition, he was awarded an $11,000 bonus based on the performance of his division. Of the total bonus, $6,500 was paid in 2019 and the remainder is to be paid on January 15, 2019.

During 2019, Mr. Brooks' employer withheld the following amounts from his gross wages:

Federal Income Tax $3,000

Employment Insurance Premiums 860

Canada Pension Plan Contributions 2,749

Registered Pension Plan Contributions 2,800

Donations To The United Way 480

Union Dues 240

Payments For Personal Use Of Company Car 1,000

Other Information:

1. Due to an airplane accident while flying back from Thunder Bay on business, Mr. Brooks was seriously injured and confined to a hospital for two full months during 2019. As his employer provides complete group disability insurance coverage, he received a total of $4,200 in payments during this period. All of the premiums for this insurance plan are paid by the employer. The plan provides periodic benefits that compensate for lost employment income.

2. Mr. Brooks is provided with a car that the company leases at a rate of $678 per month, including both GST and PST. The company pays for all of the operating costs of the car and these amounted to $3,500 during 2018. Mr. Brooks drove the car a total of 35,000 kilometers during 2019, 30,000 kilometers of which were carefully documented as employment related travel. While he was in the hospital (see Item 1), his employer required that the car be returned to company premises.

3. On January 15, 2018, Mr. Brooks received options to buy 200 shares of his employer's common stock at a price of $23 per share. At this time, the shares were trading at $22 per share. Mr. Brooks exercised these options on July 6, 2019, when the shares were trading at $28 per share. He does not plan to sell the shares for at least a year.

4. In order to assist Mr. Brooks in acquiring a new personal residence in Winnipeg, his employer granted him a five year, interest free loan of $125,000. The loan qualifies as a home relocation loan. The loan was granted on October 1, 2019 and, at this point in time, the interest rate on open five year mortgages was 5 percent. Assume the relevant ITR 4301 rate was 2 percent on this date. Mr. Brooks purchases a house for $235,000 on October 2, 2019. He has not owned a home during any of the preceding four years.

5. Other disbursements made by Mr. Brooks include the following:

Advanced financial accounting course tuition fees $1,200 Music history course tuition fee (University of Manitoba one week intensive course) 600

Fees paid to financial planner 300

Payment of premiums on life insurance 642

Mr. Brooks' employer reimbursed him for the tuition fees for the accounting course, but not the music course.

Required:

Calculate Mr. Brooks' net employment income for the taxation year ending December 31, 2019.