Q1

Joon-hos 2018 income tax return indicates the following tax balances: a) A non-capital loss carry forward of $26,200 from 2017 was available. b) A net capital loss carry forward resulting from 2012 in the amount of $6,200. (Remember that this can only be netted against capital gains check schedule 3) Show calculations below

Q2

Tax Credits 1. His family incurred the following medical expenses: Physiotherapy treatments (Joon-ho) on October 31 paid to the Hoffler Klinik 5,300 Dentist (Jeff) on April 30 paid to Dr. Julius No 1,800 Lasik surgery (Julia) on March 10 paid to Dr. E.S. Blofeld 1,750 Hypnotherapy (Elana), November 30th, Piz Gloria allergy clinic, Switzerland 14,000 2. See the attachments for donations made in 2019. He also had a donation carry forward from 2017 of $2,000. He also donated to the United Way through his work as indicated on his T4. He will include all donations on his return on schedule 9

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Q3

Business income information In addition to his employment duties, Joon-ho is the sole proprietor of a small consulting business (operating name: Odd Jobs Inc) that commenced operations on February 1 of 2019. It operates at rented premises at 7 Toliver Street, Victoria, BC, V8W 1L0. It has a year end of December 31. He had the following receipts and disbursements related to the business: Fees billed and received $29,600 Fees to be billed 1,800 Rent 8,600 Advertising 1,700 Legal fees 800 Meals 4,200 Tom Ford suit (to impress clients) 7,800 Purchase of furniture and fixtures (eligible for CCA) 5,600 Calculate Joon-ho net business income below