Puja is a senior manager at Dundas Inc. a CCPC. She received the following amounts and benefits from her employer during 2020.

1.

Salary, gross $140,000

Payroll deductions:

Income taxes $38,000

Canada Pension Plan premium 2898

Employment Insurance premium 856

Group accident disability insurance premiums 600

(42,354)

Net pay $97,646

2. Director's fees of $3,400 received from DUNDAS.

3. A cash birthday gift of $450 was paid to Puja. DUNDAS corporate policy was to deduct such gifts.

4. Puja and her life partner were provided with the company's condo in Colorado for two weeks during the winter ski season. They had to pay DUNDAS $1,500 for accommodations that would otherwise have cost them $3,400. Puja was not involved in any business activities during this trip.

5. Puja's life partner accompanied her on a business trip to Cuba that was paid for by her employer. The main purpose of the trip was for Puja to work with a customer. Her life partner performed no business function during the trip. They did not extend their trip to include a vacation. Puja's expenditures of $5,000, including applicable taxes, were paid by DUNDAS and were reasonable in relation to the business function. The portion of the travelling expenses related to Puja's life partner were also paid by DUNDAS and amounted to $1,000, including applicable taxes.

6. During 2020, DUNDAS paid for Puja to have her income 2019 tax return prepared by the company's accountants at a cost of $375, including HST.

7. During the year, DUNDAS provided its employees with free meals in the company cafeteria. Puja's meals cost the company $1,100 to prepare and serve. The meals would have cost Puja $1,900 in a similar commercial restaurant.

8. DUNDAS provided Puja with a car, which they bought January 3, 2019.

Capital cost of the car including applicable taxes $38,529

Capital cost allowance claimed by company in 2019 15,255

Operating costs paid by the company 4,300

Kilometres driven in 2020 as per Puja's log:

Business use 7600

Personal use 2400

Amount paid by Puja to DUNDAS for personal

use at $0.20 per kilometre (2,400 km $0.20) 480

9. In May 2020, Puja was in a production accident and was unable to work for six weeks. During this period, she received disability payments totaling $11,538 from Star Life and Disability Assurance Co. All disability insurance premiums were paid by Puja through payroll deduction.

10. DUNDAS made available in-house staff to provide Puja with tax planning advice valued at $800, including applicable taxes.

11. Puja was granted an option to purchase 10,000 common shares at $1 per share in 2015 when the fair market value was $1.50. Puja exercised her entire options in 2017 when the fair market value of the shares was $3. She sold all the shares in 2020 at $6 per share.

12. During the holiday season in 2020, DUNDAS gave all of its employees wristwatches that cost the company $150, including applicable taxes. The company claimed these costs as a business expense in computing corporate taxable income.

13. The company installed recreational facilities at its head office. All employees are permitted to use these facilities free of charge. The equivalent value for similar facilities at a private club would be $1,100 per year, including applicable taxes.

Required:

Calculate Puja's employment income inclusions for 2020 in accordance with the provisions of the Act and the CRA's administrative position as reflected in IT-470R and related announcements.