Mr. Jack Bob has asked you to assist him in preparing his 2018 tax return.To this end, he provides you with the following information.

Mr. Bob's employer is a large, publicly traded corporation.During 2018, Mr. Bob received a gross annual salary of $58,000, living accommodations having a fair market value of $3,000 per month, and an award of $2,100 in recognition of outstanding job performance.The accommodations that were provided were not located in a remote region or prescribed zone.Awards for performance are paid instead of investing in employee benefits, so there is no pension plan and Mr. Bob's 2017 Pension Adjustment amount is nil.His employer withheld the maximum for CPP contributions and EI premiums.

On August 1, 2018, his employer granted him an option to purchase 100 of its shares at a price of $7 per share.The market price of the shares at that time was $7 per share.On December 1, 2018, the market price of the shares had increased to $16 per share.On that date, Mr. Bob exercises his option and purchases the 100 shares.He is still holding the shares on December 31, 2018.

Mr. Bob provides the following list of receipts and disbursements for the 2018 taxation year:

Receipts

Director's Fees$ 1,300

Royalties On Patent Purchased In 201024,070

Bond Interest430

Disbursements

RRSP Contribution On July 6, 2018 $16,000

Rent Paid To Employer For Living Accommodation 12,000

Financial Support Of His Aunt7,100

You ascertain that his aunt is physically infirm, is wholly dependent upon Jack Bob for support, had income of $3,000 during the year, and lives in Florida for health reasons.

Mr. Bob provides you with the following information on his dispositions of property during the year:

Proceeds Cost

Diamond Ring$1,200 $950

Painting1,100 1,800

Pistol Collection2,000 1,400

On further enquiry, you learn that he is married and has one 19 year old son.Mr. Bob's wife had income of $2,990 during the year.

His son lives at home and was employed during twelve weeks of the summer at a golf course as a greens keeper, at a salary of $250 per week.In September, he left his employment to commence full time studies at university.Tuition fees paid for the 2018 calendar year amounted to $4,860, and were paid by Mr. Bob.The son's only other source of income was $700 in interest on bonds received from his father as a birthday gift in 2008.He will transfer any unused tuition credit to his father.

Assume Mr. Bob's 2017 Earned Income for RRSP purposes was equal to his 2018 Earned Income.At the beginning of 2018, Mr. Bob has no unused deduction room or undeducted contributions.

Required:For 2018, compute the following amounts for Mr. Bob:

A.Net employment income.

B.Income from property.

C.Net taxable capital gains.

D.Net Income For Tax Purposes.

E.Taxable Income.

F.Federal Tax Payable.

Show all required calculations, including those necessary to determine the maximum RRSP deduction for the year.In addition, indicate any available loss carry over amounts and the applicable loss carry over provisions.