Profile Group Assignment: 2019 T1 Individual Tax Return Read the following case, prepare a 2019 T1 personal tax return for Ms. Jessica Brown. Basic Information for Jessica Brown: S.I.N. 777 777 777 Address: 3908 100 Avenue, Edmonton, Alberta, T6L 6X1 Telephone: (780) 9864525 Date of birth: June 1, 1975 Marital status: Divorced (June 1, 2009) Children (2): Chelsea (birth date: Feb 1, 2003); Andia (birth date: Nov 1, 2005) Province of residence: Alberta Elections Canada: Yes (to provide info to National Register of Electors) GST rebate application: No Information provided: ABC Services Ltd.: Salary $70,000 Bonus (Received $4,000 on December 20th 2019 and the remaining $2,000 on January 10, 2020) $6,000 Life insurance premiums paid by employer $600 Private health care premiums paid by employer $500 Wedding gift received by employer (value) $350 Group term disability insurance premiums paid by employer $550 Registered Pension Plan contributions made by employer $4,100 Registered Pension Plan contributions deducted from Jessicas gross pay $5,000 Pension Adjustment $4,880.76 Employer provided vehicle throughout 2019 - Cost Personal Kms Employment Kms Operating costs paid by employer Amount deducted from Employees gross pay for using vehicle $25,000 including GST 6,000 15,000 $2,400 $800 Other amounts deducted from employees gross pay: CPP EI Income Tax Union Dues Charitable donations maximum maximum $9,567 $650 $500 Interest Earned, Dividends & Investment expenses Bank of Canada Interest earned $2,500 Royal Bank of Canada Dividends Received (Eligible) $1,000 Scotiabank Dividends Received (Eligible) $1,200 Carrying charges Investment Expense $400 Investment counselling fees Investment Expense $700 Security Transactions in the current year: Date Corporation Transaction Shares Amount Commission / Brokerage fees February 1, 2007 Telus Corporation Purchase 400 $30/share June 2, 2017 Telus Corporation Sale 300 $45/share $100 July 1, 2008 ATB Purchase 200 $100/share August 1, 2019 ATB Sale 200 $150/share $110 Rental Property Jessica owns a rental property located at 1222 122 St. Edmonton AB, T65 6X1. She provides you with the following information: Description Amount Gross rent per month $1,100 Property Tax $1,600 Utilities $800 Condo fees per month $250 Repairs/Maintenance $900 Mortgage Interest $5,590 Mortgage principle payments $6,890 UCC December 31, 2018 (4%) $121,500 Business Income During the summers, Jessica operates her seasonal landscaping business. She provided you with the following information from her SAGE50 records: Description Amount Gross Revenue $45,000 Supplies $5,000 Meal and Entertainment $3,000 Telephone (100% business) $300 Fuel $500 UCC December 31, 2018 Balances Class 8 Equipment $6,000 Class 10 Truck $23,000 New purchases & Disposals: Class 8 Equipment purchase Class 8 Equipment disposal $1,500 $800 (original cost $1,100) Medical Expenses Patient & Description Date Amount (not covered by healthcare plan) Jessica Eye glasses January 9, 2019 $200 Chelsea Dental March 4, 2019 $500 Andia Eye glasses September, 2019 $200 Jessica Prescriptions December 15, 2019 $800 Jessica Physiotherapy Monthly 2019 $50/month Other Information: - Jessica attended Norquest College part time in 2019. The tuition was not reimbursed or paid by her employer. She was in school for 4 months part time and cost her $1,550. Her program is eligible for the tuition credit. - Jessica receives spousal support from her former spouse of $500 per month - Jessicas prior years T1 Tax return (Notice of Assessment) indicated that she had $13,000 RRSP deduction limit - Jessica made the following RRSP contributions: January 1 December 31, 2019 $3,000 February 5, 2019 $2,000 March 15, 2019 $1,000 - Jessicas prior year tax return showed the following capital loss carry-forward amounts; Non-capital loss $2,000 Net- capital loss $3,100