Question 2: Determine the Net Income For Tax Purposes of Mr. Hope pursuant to ITA para. Use the appropriate dividend amount and related DTC calculated.

Income inclusions $ Salary Taxable benefits from employment Canadian bank interest Taxable capital gain Pension income Non-eligible dividends from taxable Canadian corporations (Not Taxable dividends amount) 90.000 900 200 4,000 2.000 1,000 [Note 1) 2 Deductions & Losses Non-capital losses carried forward Net capital losses carried forward 1,000 8,000 RPP contributions (paid by employee) Interest expense to acquire Canadian bonds Business loss Allowable capital losses Moving expenses Spousal support payment 2.900 150 1,500 3,400 1,800 5.000 Tax credits & Tax payments Basic personal CPP contributions tax credit El premiums tax credit Pension tax credit Canada employment credit Medical expense tax credit Charitable donation tax credit Dividend tax credit (Federal DTC - To be calculated by the student) 1.984 410 128 300 187 200 30 XXX [Note 1) Taxes withheld at source (e.g., payroll income taxes) Tax instalments paid 10,000 800 Income inclusions $ Salary Taxable benefits from employment Canadian bank interest Taxable capital gain Pension income Non-eligible dividends from taxable Canadian corporations (Not Taxable dividends amount) 90.000 900 200 4,000 2.000 1,000 [Note 1) 2 Deductions & Losses Non-capital losses carried forward Net capital losses carried forward 1,000 8,000 RPP contributions (paid by employee) Interest expense to acquire Canadian bonds Business loss Allowable capital losses Moving expenses Spousal support payment 2.900 150 1,500 3,400 1,800 5.000 Tax credits & Tax payments Basic personal CPP contributions tax credit El premiums tax credit Pension tax credit Canada employment credit Medical expense tax credit Charitable donation tax credit Dividend tax credit (Federal DTC - To be calculated by the student) 1.984 410 128 300 187 200 30 XXX [Note 1) Taxes withheld at source (e.g., payroll income taxes) Tax instalments paid 10,000 800