On January 2, 2020, Ms. Shirley Kantor moves from London, Ontario, to Thunder Bay, Ontario, in order to begin employment with Northern Enterprises Ltd. (NEL) as accounting manager. Her salary for the year was $142,000. NEL deduct and withheld the following amounts from her earnings:

Federal And Provincial Income Tax $32,500

Registered Pension Plan Contributions

(NEL Makes A Matching Contribution) 3,200

EI Premiums 856

CPP Contributions 2,898

United Way Donations 450

Professional Association Dues (CPA) 1,250

Other Information:

1. For the year ending December 31, 2020, Shirley was awarded a bonus of $32,000. Of this total, $25,000 was paid during 2020, with the remainder payable in January, 2021.

2. NEL provided Shirley with a car to be used in her employment activities and paid the operating costs for the year that totaled $8,100. The cost of the car was $39,550, including HST of $4,550. The car was available to Shirley throughout 2020. She drove a total of 63,000 kilometers. This included 8,000 kilometers of personal use.

3. In negotiating her new position with NEL, Shirley had asked for a $50,000 interest free loan as one of her benefits. NEL's human resources department indicated that the CEO would not approve any employee loans. However, they agreed to advance $50,000 of her 2021 salary as of November 1, 2020.

4. A birthday gift, hand watch cost $250 was given to Victoria. ABC corporate policy was to deduct such gifts

5. NEL provided Shirley with the following additional benefits:

Allowance For Acquiring Business Clothing $4,800

Squash Club Membership (No Employment Related Usage) 2,800

Financial Advisor Fees 1,200

6. NEL pays $1,200 for accounting course then Shirley can improve her IFRS knowledge

7. During the year, NEL provided its employees with subsidised meals in the company cafeteria. Shirleys meals cost the company $1,100 to prepare and serve. The meals would have cost Shirley $1,900 in a similar commercial restaurant; Shirley saves $800 by paying the company only $1,100 for her meals.

Required:

Determine Shirley's net employment income for the year ending December 31, 2020.

And provide reasons for any items do not include in your calculations. For each amount you included you must include the ITA reference.

Note: Answers only NOT acceptable, support calculations are required, reference to ITA is required