Question 1 (27 marks) Juliet Colt, age 50, has asked you for assistance in preparing her 2018 tax return. She is married to Samson, age 55, who has two children from a previous marriage, ages 22 and 8. The children live with the couple and are supported by both. Juliet is a manager with XYZ Limited, a Canadian Controlled Private Corporation (CCPC). Samson is an economist who occasionally finds contract work preparing economic forecasts at the minimum wage. Samson is certified as having a mental impairment. Samson has a disability tax credit certificate (Form T2201). The following information has been provided 1. Juliet's salary slips show the following: Gross salary and taxable benefits $90,000 Less withholdings: Income tax withheld $15,000 RPP contributions to a defined benefit plan $4,000 Canada Pension Plan Maximum Amount Employment Insurance premium Maximum Amount 2. Juliet has the following other sources of income: Dividends from Jacksons Ltd. (Public Co), actual amount $ 1,000 Capital gains from Motion Ltd., common shares 30,000 3. In 2015, when XYZ Limited shares were trading at $5 each, Juliet was granted options to buy 1,000 shares for $7 per share under an employee stock option arrangement. In January 2017, Juliet exercised her option and bought 1,000 shares when the market price was $10 per share. In mid-December 2018, Juliet sold these shares for $15 per share. 4. Juliet paid $4,000 for child care for her 8 year old son, Josh. 5. Samson has the following income Income (for tax purposes) from part-time employment $7,000 6. Sandra, the 22-year-old, attended the University of Calgary for eight months during 2018 as a full-time student. She has income for tax purposes of $6,000 and paid tuition fees of $4,000. 7. Juliet has a net capital loss balance of $1,500 arising from a disposition in 2000. She did the present.| not realize any capital gains, other than as noted above, during the period from 1993 to 8. Juliet had a non-capital loss balance of $7,500 available in 2018