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 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 2021. He is contemplating a return to university as a student of music.

In order to estimate her possible financial position in 2021, Mary would like you to prepare her 2020 tax returns assuming that Seymour has no income for 2020

.

Required: With the objective of minimizing Marys Tax Payable, prepare her 2020 income tax return using the ProFile tax software program. Assume that Seymour has no income in 2020 and that he does not file a tax return

Mary's 2019 RRSP deduction limit is $244,550. Ms. Mary Career 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? 527-000-129 1981-12-08 Married Yes Mr. Seymour Career 527-000-079 1960-01-29 Married Yes Yes Yes No No 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 William Career 527-000-319 2012-02-24 Nil T4 - Mary Box Amount 14 16 Issuer- MoreCorp Employment Income Employee's CPP Contributions Employee's El Premiums RPP Contributions Income Tax Deducted Charitable Donations 18 152,866.08 2,748.90 860.22 Nil 48,665.11 1,000.00 20 22 46 Donor Charitable Donation Receipts Amount Seymour Seymour Canadian Cancer Foundation Salvation Army 500 250 Mary's 2019 RRSP deduction limit is $244,550. Ms. Mary Career 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? 527-000-129 1981-12-08 Married Yes Mr. Seymour Career 527-000-079 1960-01-29 Married Yes Yes Yes No No 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 William Career 527-000-319 2012-02-24 Nil T4 - Mary Box Amount 14 16 Issuer- MoreCorp Employment Income Employee's CPP Contributions Employee's El Premiums RPP Contributions Income Tax Deducted Charitable Donations 18 152,866.08 2,748.90 860.22 Nil 48,665.11 1,000.00 20 22 46 Donor Charitable Donation Receipts Amount Seymour Seymour Canadian Cancer Foundation Salvation Army 500 250