Mr.John Barth has been employedformany yearsas agraphic illustratorinKamloops,British Columbia.His employeris alarge publicly traded Canadian company.During 2017,his gross salarywas$82,500. Inaddition,hewasawarded a $20,000.00 bonus to reflect his outstanding performance during the year. As he was in no immediate need of additional income, he arranged with his employer that none of this bonus would be paid until 2022, the year of his expected retirement.

Other information:

Federal Income Tax $16,000.00

employment insurance premiums $836.00

Canada Pension Plan Contributions $2564.00

United Way Donations $2,000.00

Registered Pension Plan Contributions $3,200.00

Payments for personal use of company car $3,600.00

During the year,Mr. Barth provided with an automobile owned by his employer. The cost of the automobile was $47,500.00. Mr Bath drove the car a total of 10,000 kilometers during the year, of which only 4,000 kilometers were related to the business of his employer. The automobile was used by Mr. Barth for ten months of the year. During the other two months, he was out of the country and he was required to leave the automobile with one of the other employees of the corporation.

During the year the corporation paid Mega Financial Planners $1,500.00 for counseling services to Mr. Barth with regard to his financial situation.

Mr. Barth was required to pay professional dues of $1,800.00 during the year.

On June 6, 2017, when Mr. Barth exercised his stock options to buy 1,000 shares of his employers common stock at a price of $15 per share, the shares were trading at 18.00 per share. When the options were issued, the shares were trading at $12 per share. During December 2017, the shares were sold at $18 per share.

prepare Mr. Barth 2017 T4