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Part III Investments (8 Marks) Mr. Anholt had the following investments in 2017. a) Actual Cash Dividends (Eligible) $2,100 b) Dividends from Foreign Corp (Net

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Part III Investments (8 Marks) Mr. Anholt had the following investments in 2017. a) Actual Cash Dividends (Eligible) $2,100 b) Dividends from Foreign Corp (Net of 15% Withholding) $3,500 c) Bank Savings Account Interest $300 d) Cash Proceeds from Annuity (Capital Portion = $1,000) (not a Deferred Tax Plan) $2,300 e) Interest Earned in TESA $600 f) A 5-year, 3% $100,000 GIC was purchased on September 1, 2016. No interest is paid until maturity August 31, 2021. g) Safety Deposit Box Rental $200 REQUIRED: 1. Determine the tax consequences of the above items 2. Show and submit all calculations 3. Record, where applicable, the above amounts on the T1 or appropriate schedule(s) (you do not need to complete a Schedule 4) Part III Investments (8 Marks) Mr. Anholt had the following investments in 2017. a) Actual Cash Dividends (Eligible) $2,100 b) Dividends from Foreign Corp (Net of 15% Withholding) $3,500 c) Bank Savings Account Interest $300 d) Cash Proceeds from Annuity (Capital Portion = $1,000) (not a Deferred Tax Plan) $2,300 e) Interest Earned in TESA $600 f) A 5-year, 3% $100,000 GIC was purchased on September 1, 2016. No interest is paid until maturity August 31, 2021. g) Safety Deposit Box Rental $200 REQUIRED: 1. Determine the tax consequences of the above items 2. Show and submit all calculations 3. Record, where applicable, the above amounts on the T1 or appropriate schedule(s) (you do not need to complete a Schedule 4)

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