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Mr X currently works for a public company. In addition, he operated a side business during the number of years. During the year 2021, he
Mr X currently works for a public company. In addition, he operated a side business during the number of years. During the year 2021, he received the following income: Employment Income 300,000 Rental loss 30,000 Business Loss 10,000 Capital Gains 30,000 Allowable Capital Losses 10,000 Pools: Non Capital Loss $100,000 Net Capital Loss $45,000 Determine the Net Income and Taxable Income for 2021.
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