Question 5 (12.5 marks) During 2021, Maria Gonzalez accepted a transfer from her current job with Acme Inc. in Charlottetown, Prince Edward Island (PEI) to a new position at Acme Inc.'s offices in Toronto, Maria and her six-year-old daughter, Lupe, moved on November 15, 2021, and Maria started work in the Toronto office on December 1, 2021. The following information is available from Maria's 2021 T4 slip from Acme Inc.: Gross salary $101,300 (58.600 earned in Ontario) Canada Pension Plan contributions 3.166 Employment Insurance premiums 890 Registered pension plan contributions 3,075 (money purchase plan) (Maria's employer matches contributions) The costs Maria incurred in moving from Charlottetown to Toronto, which were NOT reimbursed by her employer, included the following: Moving company costs $8,000 Lease cancellation cost in Charlottetown 750 Hotel for two nights during drive to Toronto 250 Gas during trip (equal to 1,700 kilometres x Canada Revenue 901 Agency's per-km rate for PEI of $0.53) Meals during drive to Toronto two people $69 wo days) 276 Legal fees on new home purchase 700 Remodelling cost on new home 2.000 In 2021, Maria settled her ongoing divorce from her former spouse, Lars Larson, Maria and Lars separated and started living apart in October 2019. Maria's divorce settlement with Lars indicated that he would pay Maria $1,000 per month in child-support payments and $500 per month in spousal support beginning on July 1, 2021. By the end of December 2021, Lars had made payments totaling only $7,500 During 2021, Maria incurred the following costs for caring for Lupe: Daycare costs while Maria was at work $6,000 Two weeks at a summer camp 900 Babysitting costs while Maria worked overtime 1,400 In 2019, Maria bought $10.000 of Canada Savings Bonds in Lupe's name. In 2021, Lupe received a T3 for $900 Interest, which included $80 of compounded interest on the interest earned in the previous year Required: a) Determine Maria's minimum taxable income for 2021. (9 marks) b) Determine Maria's total non-refundable tax credits for 2021. (3.5 marks) Question 5 (12.5 marks) During 2021, Maria Gonzalez accepted a transfer from her current job with Acme Inc. in Charlottetown, Prince Edward Island (PEI) to a new position at Acme Inc.'s offices in Toronto, Maria and her six-year-old daughter, Lupe, moved on November 15, 2021, and Maria started work in the Toronto office on December 1, 2021. The following information is available from Maria's 2021 T4 slip from Acme Inc.: Gross salary $101,300 (58.600 earned in Ontario) Canada Pension Plan contributions 3.166 Employment Insurance premiums 890 Registered pension plan contributions 3,075 (money purchase plan) (Maria's employer matches contributions) The costs Maria incurred in moving from Charlottetown to Toronto, which were NOT reimbursed by her employer, included the following: Moving company costs $8,000 Lease cancellation cost in Charlottetown 750 Hotel for two nights during drive to Toronto 250 Gas during trip (equal to 1,700 kilometres x Canada Revenue 901 Agency's per-km rate for PEI of $0.53) Meals during drive to Toronto two people $69 wo days) 276 Legal fees on new home purchase 700 Remodelling cost on new home 2.000 In 2021, Maria settled her ongoing divorce from her former spouse, Lars Larson, Maria and Lars separated and started living apart in October 2019. Maria's divorce settlement with Lars indicated that he would pay Maria $1,000 per month in child-support payments and $500 per month in spousal support beginning on July 1, 2021. By the end of December 2021, Lars had made payments totaling only $7,500 During 2021, Maria incurred the following costs for caring for Lupe: Daycare costs while Maria was at work $6,000 Two weeks at a summer camp 900 Babysitting costs while Maria worked overtime 1,400 In 2019, Maria bought $10.000 of Canada Savings Bonds in Lupe's name. In 2021, Lupe received a T3 for $900 Interest, which included $80 of compounded interest on the interest earned in the previous year Required: a) Determine Maria's minimum taxable income for 2021. (9 marks) b) Determine Maria's total non-refundable tax credits for 2021. (3.5 marks)