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Purpose ( of assessment ) : To demonstrate the learner s ability to evaluate and begin preparation of a personal T 1 tax return. Instructions:
Purpose of assessment: To demonstrate the learners ability to evaluate and begin preparation of a personal T tax return. Instructions: Obtain a pdf T tax form at the Canada Revenue; select the Manitoba set of forms you will not be completing the provincial portion of these forms in this course Use the instruction videos in Module to help you complete the form as needed. Redford has brought his information to you for his interview which has been recorded below: Redford Renfro Peachapple Blvd Winnipeg, MB RR S Redford age is not married and he has no dependents. He has scheduled a tax interview with you and has brought his T slip to the interview with you so that you can prepare his tax return for His SIN number is and his date of birth is October For this scenario, assume that Redfords provincial tax amount is $ and assume that all CPP and EI contributions are for the correct amount for the tax year. Redford is employed by Reddings Manufacturing, a Canadian public corporation, as an accountant. He received a salary of $ in from which the following amounts were withheld: Withholding Category Amount Income taxes $ CPP $ EI. $ Redford had the following other receipts in the current year: Received $ in taxable dividends from Redondo Ltd a Canadian public corporation. You have already determined that he has no dividend credit to report on his T return. Received $ in taxable interest earned on a term deposit held at the TD Bank. $ for selling his yearold dining room table set and and yearold sofa when he moved. Redford loves dogs so he decided to walk dogs for his neighbors. For $ per month, he walks the dogs times per week. He has customers. He did not issue receipts but he estimates that he was paid approximately $ He had no expenses. He does not consider this to be a job or for himself to be selfemployed because it is more like a hobby that he enjoys doing. Redford loves dogs! Redford made the following contributions in : On December of the current year, he made a donation to the United Way, a registered charity, in the amount of $ Current year political donations: Federal Liberal Party: $ $ to his niece for graduating high school with honors Redford incurred the following medical expenses during the current year: Medical Category Expense Orthodontic work braces removed $ New prescription eyeglasses $ Redfords father passed in and he received cash from his fathers estate at the time of his fathers death in the amount of $ Submission Guidelines: Complete a T return and download the completed form. Upload to the Dropbox.
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