Ms$.$ Taylor Loudermilk $($SIN $123-456-789)$ was born in Montreal on December $15,1979.$ She has spent most of her working life a song writer but also has a part$-$time job as a business manager. Taylor and her family lives at $1370$ Baller Road, Kingston, ON$,$ postal code P$3$E $5$K$3,$ phone $(604)555-5555.$ They also have a cabin on Lake Superior which they frequent on the weekends and most of the summer. She is not registered for CRA online mail and does not wish to have an electronic notice of assessment.

She is a Canadian citizen and would like to provide her information to elections Canada. She informs you that she has not owned or sold any foreign property during the year.

Ms$.$ Loudermilk$$s spouse, Steve $($SIN $527-000-129),$ was born on June $20,1978.$ He and Ms$.$ Loudermilk have two children. Paris was born on June $16,2020,$ and Lenny was born on July $16,2021.$ Steve is self$-$employed and earned $$120,000$ from a seasonal landscaping company that he owns.

Other information concerning Ms$.$ Loudermilk and her family for $2023$ is as follows:

$1.$ Ms$.$ Loudermilk earned $$73,000$ for work as the manager of Totally Chic Clothing Co$.$ Her T$4$ showed that her employer withheld $$6,800$ for income taxes, $$3,754\mathrm{.}45$ for CPP and $$1,002\mathrm{.}54$ for EI$.$

$2.$ Several of Ms$.$ Loudermilk $$s songs, have provided her with substantial royalty payments over the years. In $2023,$ her revenue was $$12,000$ in royalty payments. This was reported in box $17$ on a T$5$ received from MusicCan.

$3.$ Ms$.$ Loudermilk earned $$13,000$ from songs sold during the year. She does not collect GST on this income. On January $1,2023,$ she began leasing a small, quiet studio for $$1,200$ a month. The space is used solely for her composing and song writing business $($Loudermilk Music, BN $777777777$ RT$001).$ Her expenses include $$2,600$ to attend a songwriter$$s convention in Nashville, office supplies of $$800,$ and a membership to the Song Writers of Canada Association for $$630.($T$2125)$

$4.$ She purchased a Roland electric piano on January $15$th for $$15,350$ that was delivered to her studio space. $[$Note: On the T$2125$ CCA asset details check $$No$$ under questions asking if the asset qualifies as a designated immediate expensing property as this topic was omitted from TAXX$3402$ this will incur a red flag $$ ignore it$].$

$5.$ At the beginning of $2019,$ Ms$.$ Loudermilk had a net$-$capital loss carry forward of $$13,000$ from the sale of shares in $2018.$ She had not disposed of any capital asset prior to $2018.$ Below are some of the assets she disposed of in $2023.$ Athletic Co$.$ shares and National Oil shares are both publicly traded companies. $($Schedule $3)$

Asset Dispositions Asset $1$ Asset $2$ Asset $3$ Asset $4$

Description Athletic Co$.$ Shares. National Oil Shares Sailboat Stamps

Number of units $387448$ N$/$A N$/$A

Year of acquisition $2016201820182015$

Date of disposition $10-$Jan $20-$Apr $30-$May $13-$Aug

Proceeds of disposition $61,50043,1004001,200$

Adjusted cost base $9,90087,4001,300400$

Outlays and expenses $34637$ N$/$A N$/$A

$6.$ Ms$.$ Loudermilk provides you with the following receipts for child related expenses.

Child Child related expenses No$.$ of

$($Organization or Name and SIN$)$ Weeks Amount

Paris Kids R Us Daycare $529,460$

Lenny Kids R Us Daycare $5211,050$

Paris Camp Mozart $1490$

Lenny Baby Jams music camp $1670$

Note: none of the childcare is for overnight camps or boarding schools.

$7.$ On November $1,$ Taylor decided to cancel the lease for her business space. She incurred $$3,000$ in lease cancellation costs as a result. There was $14$ months left on the lease.

$8.$ Ms$.$ Loudermilk made contributions to the Federal Liberal Party in the amount of $$800$ during the year.

$9.$ During the year, Ms$.$ Loudermilk made her annual $$2,200$ donation to the Sudbury Youth Emergency Shelter Society $($YESS$),$ a registered Canadian charity. $($Schedule $9)$

$10.$ Ms$.$ Loudermilk wishes to claim all her medical expenses on a calendar year basis. On December $2,2023,$ Ms$.$ Loudermilk paid dental expenses to Delta Dental Clinics for the following individuals:

Ms$.$ Loudermilk $$2,800$

Steve $1,500$

Paris $600$

Lenny $100$

$11.$ Ms$.$ Loudermilk made a $$5,000$ contribution to her TFSA during the year and on November $15,$ made a contribution of $$7,000$ to her RSP and $$7,000$ to Steve$$s RSP$,$ both with TD Waterhouse. According to her $2022$ NOA, she has $$32,000$ in RSP room and her EA was $$89,000.($Schedule $7)$

$12.$ On March $15,$ June $15,$ Sept $15$ and Dec $15,$ Ms$.$ Loudermilk paid instalments of $$1,400$ as requested by CRA.