prehensive Personal Tax Payable) On January 10, 2019, Ms. Arlene Arsenault formally separated from her husband and retained responsible for her 20 year old daughter, Janine, who has a severe and prolonged disability la custody of her 15 year old son, Jerry. Jerry has no income during 2019. Ms. Arsenault is also medical doctor has certified her disability on Form T2201). Janine has 2019 income of In order to get a fresh start in life, Ms. Arsenault found a new job. She resigned from her posi- $6,000, resulting from income on investments that were left to her by her grandmother. tion in Ottawa and moved to a similar position in Toronto. The move took place on October 31, 2019. She has asked for your assistance in preparing an estimate of her 2019 personal tax liability and, in order to assist you with your calculations, she has prepared the following list of 1. Her gross salary from her Ottawa employer, a large public company, for the first 10 months of the year was $82,000. Her employer withheld from this amount CPP contribu- tions of $2,749, El premiums of $860, and RPP contributions of $2,500. The employer transactions that occurred during 2019: also contributed $2,500 to the company's RPP on her behalf. Before leaving her Ottawa employer, she exercised stock options to acquire 2,000 of the market price of the shares was $12 per share. On August 12, 2019, the day that she exer- cised the options, the shares were trading at $20 per share. Ms. Arsenault sells the shares as soon as she acquires them. Brokerage fees totalled $350 on the sale. 2. During November and December, her gross wages with her Toronto employer amounted to $13,000. Her new employer withheld CPP contributions of $500, El premiums of $390, and $650 in RPP contributions. Her Toronto employer also contributed $650 to the company's money purchase RPP on her behalf. Ms. Arsenault found a new home in Toronto during her September house hunting trip there. The legal arrangements for the house purchase were finalized on October 10. In Ottawa, she and her husband had lived for 10 years in a home that they rented. Her agree ment with her new employer requires that they pay her moving costs. In order to simplif the record keeping, the employer paid her an allowance of $7,500 and did not require detailed accounting of expenses. Her actual expenses were as follows: Moving company charges $3,80 Airfare for September Toronto trip to acquire new home 35 Meals and lodging on September Toronto trip 27 Gas for October 31 move to Toronto Lodging in Ottawa on October 30 Meals on October 30 and October 31 While Moving Charges for cancellation of lease on Ottawa home Legal and other fees on acquisition of Toronto home 1,5 Total 2 9 $7 Ms. Arsenault did not use the simplified method of calculating vehicle expenses moving costs. 3. In 2016, Ms. Arsenault's mother died, leaving her 5,000 shares of Linz Industri private company. These shares had cost her mother $50,000, and had a fair market prehensive Personal Tax Payable) On January 10, 2019, Ms. Arlene Arsenault formally separated from her husband and retained responsible for her 20 year old daughter, Janine, who has a severe and prolonged disability la custody of her 15 year old son, Jerry. Jerry has no income during 2019. Ms. Arsenault is also medical doctor has certified her disability on Form T2201). Janine has 2019 income of In order to get a fresh start in life, Ms. Arsenault found a new job. She resigned from her posi- $6,000, resulting from income on investments that were left to her by her grandmother. tion in Ottawa and moved to a similar position in Toronto. The move took place on October 31, 2019. She has asked for your assistance in preparing an estimate of her 2019 personal tax liability and, in order to assist you with your calculations, she has prepared the following list of 1. Her gross salary from her Ottawa employer, a large public company, for the first 10 months of the year was $82,000. Her employer withheld from this amount CPP contribu- tions of $2,749, El premiums of $860, and RPP contributions of $2,500. The employer transactions that occurred during 2019: also contributed $2,500 to the company's RPP on her behalf. Before leaving her Ottawa employer, she exercised stock options to acquire 2,000 of the market price of the shares was $12 per share. On August 12, 2019, the day that she exer- cised the options, the shares were trading at $20 per share. Ms. Arsenault sells the shares as soon as she acquires them. Brokerage fees totalled $350 on the sale. 2. During November and December, her gross wages with her Toronto employer amounted to $13,000. Her new employer withheld CPP contributions of $500, El premiums of $390, and $650 in RPP contributions. Her Toronto employer also contributed $650 to the company's money purchase RPP on her behalf. Ms. Arsenault found a new home in Toronto during her September house hunting trip there. The legal arrangements for the house purchase were finalized on October 10. In Ottawa, she and her husband had lived for 10 years in a home that they rented. Her agree ment with her new employer requires that they pay her moving costs. In order to simplif the record keeping, the employer paid her an allowance of $7,500 and did not require detailed accounting of expenses. Her actual expenses were as follows: Moving company charges $3,80 Airfare for September Toronto trip to acquire new home 35 Meals and lodging on September Toronto trip 27 Gas for October 31 move to Toronto Lodging in Ottawa on October 30 Meals on October 30 and October 31 While Moving Charges for cancellation of lease on Ottawa home Legal and other fees on acquisition of Toronto home 1,5 Total 2 9 $7 Ms. Arsenault did not use the simplified method of calculating vehicle expenses moving costs. 3. In 2016, Ms. Arsenault's mother died, leaving her 5,000 shares of Linz Industri private company. These shares had cost her mother $50,000, and had a fair market