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please answer a b c d Mini-Case B: (5 marks) Mariela understands Tax-Free Savings Account (TFSA) but also understands that the available contribution room can

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Mini-Case B: (5 marks) Mariela understands Tax-Free Savings Account (TFSA) but also understands that the available contribution room can be tricky to calculate. See Table C to help with your responses. She knows the following: - you can withdraw any amount from your TFSA whenever you want: - all withdrawals are tax-free: - withdrawing from your TFSA doesn't result in lost TFSA contribution ronm: - withdrawals you make this year will be added to your unused contribution room the following year (Le. withdrawing from your TFSA has no effect on your contribution room in the year that you make the withdrawal, it only affects your contribution room for the following year); and - you can re-contribute any funds that you have withdrawn from your TFSA back into your account starting the year after the year in which you make the withdrawal (i.e. January 1st of the following year). a) Complete the TFSA available contribution room below. Fill in the amounts indicated by a question mark (?). (2.5 marks - .5 marks each) TFSA Availahle Contrihution Danm _ b) Mariela's mother is interested in knowing her own TFSA contribution room. She is receiving a rather large company bonus and figures this is the best place for her to place her money. She has only made one TFSA contribution to date when the government first introduced TFSA's in 2009 , she contributed $5,000 but has not made any further contributions since. What is the maximum amount that Mariela's mother can contribute to her TFSA in 2022 ? Do not forget to consider contribution room from nravinue vaare 14 ma.L.. c) Mariela's father has always made the maximum annual TFSA contribution since the program started in 2009. His TFSA has grown significantly as he has invested in some very aggressive stocks that have done well. The market value of his TFSA as of October 28 , 2022 is valued at $605,890. He has never made any withdrawals from his TFSA but is now looking to withdraw the full amount on October 31,2022 , as he is interested in buying a side-business. If he withdraws the entire amount, what is the maximum amount that he can contribute to his TFSA on January 1, 2023? Do not forget to consider contribution room from previous years. (1 mark) Tax on TFSA withdrawal for Mariela's father: (.5 mark)

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