Mr. Smith is employed by a large public corporation and for 2019 his salary was $100000. He was a member of the companys pension plan and his contributions were matched by his employer. He contributed $800.84 to the plan and the amount shown on his T4 slip along with an entry of $1,601.68 in box 52 representing his pension adjustment. Union dues were deducted of $750.

During 2019, his employer withheld the following amounts from his compensation:

EI Premiums $860.22

CPP Contributions $2,748.90

Income Tax Deducted $10000

He also made RRSP contributions of $200 a month for the year and had enough contribution room. Last year he had non-capital losses of $1000 that he could not use in 2018 and was carry forward to 2019.

Mr. Smith owns 1,000 preferred shares of Iron Works shares, a publicly-traded taxable Canadian corporation and received four dividend payments of $102 and sold his shares and received proceeds of disposition of $36 per share and his adjusted cost base for each share was $20. Mr. Smith also received interest payments totaling $365 based on his balance in his savings account at the same bank and had carrying charges of $95.

Mr. Smith is the sole provider for the family and Lily his wife works part time and had a Net Income of $7,800. They have two young children Lois and Arsenio aged seven and eleven and paid medical expenses of $2,650 in 2019. He also contributed to various charities in the amount of $90 and his wife contributed $80 to local charities.

Required:

Determine Mr. Smith`s Total Income, Net Income, Taxable Income, and the Net Federal Tax owing or refund for 2019 not including Provincial Taxes.