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Seymour Career and Mary Career are your tax clients. They have been married for two years. Mary has progressed quickly in MoreCorp, the large

 

Marys 2019 RRSP deduction limit is $244,550. Title First Name Last Name SIN Date of birth (Y/MD) Marital status Canadian cit  


Seymour Career and Mary Career are your tax clients. They have been married for two years. Mary has progressed quickly in MoreCorp, the large publicly traded firm she is working for due to her strong tax and accounting background. Her firm has an excellent health and dental plan that reimburses 100 percent of all medical and dental expenses. Although Seymour has been working, his increasing ill health makes it likely that he will not be able to continue to work in 2020. He is contemplating a return to university as a student of music. In order to estimate her possible financial position in 2020, Mary would like you to prepare her 2019 tax return assuming that Seymour has no income for 2019. Mary's 2019 RRSP deduction limit is $244,550. Title First Name Last Name SIN Date of birth (Y/M/D) Marital status Canadian citizen? Provide information to Elections Canada? Own foreign property of more than $100,000 Cdn? Taxpayer's Address 123 ABC Street, Saint John, N.B. EOE OEO Phone number (506) 111-1111) Spouse's address same as taxpayer? Yes First Name Last Name SIN Date of Birth (Y/M/D) Net Income T4 - Mary Issuer-MoreCorp Employment Income Employee's CPP Contributions Employee's El Premiums RPP Contributions Income Tax Deducted Charitable Donations Donor Seymour Seymour Salvation Army William Career Canadian Cancer Foundation Ms. Mary Career Nil 527-000-129 1981-12-08 Married Yes Yes No 527-000-319 2012-02-24 Charitable Donation Receipts Box 14 16 18 20 22 46 Mr. Seymour Career 527-000-079 1960-01-29 Married Yes Yes No Amount 152,866.08 2,748.90 860.22 Nil 48,665.11 1,000.00 Amount 500 250 Required: With the objective of minimizing Mary's Tax Payable, prepare her 2019 income tax return using the Profile tax software program. Assume that Seymour has no income in 2019 and that he does not file a tax return.

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