Question
Prepare a 2021 T1 Return given the following information: Complete the T1 Income Tax Return and any relevant Schedules. Name: Ms. Cynthia Upton Age: 48
Prepare a 2021 T1 Return given the following information:
Complete the T1 Income Tax Return and any relevant Schedules.
Name: Ms. Cynthia Upton
Age: 48 Years Old
Address: 456 Green Avenue, Moose Jaw
Province: Saskatchewan
SIN: 211-222-322
Marital Status: Divorced
Gross Salary from Employment $132,000
Union Dues Paid by Taxpayer $759
RPP Contributions by Taxpayer $594
RPP Contributions by Employer $765
EI Withheld from Employment Cheque $889.54
CPP Withheld from Employment Cheque $3,166.45
Income Tax Withheld from Employment Cheque $33,000
T5 - Bank Interest Income Received $1,463
Withdraws from RRSP Account (T4RSP Slip)* $6,154
*During the year, the taxpayer had cash flow issues and decided to cash in a portion of thier RRSP in a lump sum
Additional Information:
Daughter: Name: Sarah Upton
Age: 19 Years Old
Mentally or Physically Infirm? Yes
(Note: The disability is permanent and a T2201 is on file)
Sources of Income: $2,600 Interest Income
Attended Post Secondary Institution. 2 Full Time Months 2 Part Time Months $7,890 Tuition Paid in Year
Son: Samuel Upton
Age of Son: 15
Mentally or Physically Infirm?
No Enrolled in Sports? Yes $398 Paid for Fees
Sources of Income: $0 None
Cynthia's Mother: Name: Isabel Wright Lives_with_Cynthia
(Note: Mother is in good health and assists with the looking after the children)
Age of Mother-in-Law: 65
Sources of Income: $7,040 Registered Pension Plan Income
$2,243 CPP Payments Received
Medical Expenses: The following expenses were incurred for the 2021 tax year:
Cynthia $1,123 Dental Visit
Cynthia $560 Prescription Drugs
Cynthia $487 Botox Injections
Samuel $373 Doctor Visit
Donations: Federal_Political_Party $862 $ Donated**
REQUIRED: Prepare a 2021 T1 Return for Cynthia Upton given the above information.
Complete the T1 Income Tax Return and any relevant Schedules.
When preparing the return, assume that any tax credits that may be transferred to Ms. Cynthia Upton are
For simplicity assume Provincial Tax Payable is: $9,804
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