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T1 - SAMPLE QUESTION Joe Jones (37 years old) has come to you to have you prepare his T1 Personal Tax Return. He has one
T1 - SAMPLE QUESTION Joe Jones (37 years old) has come to you to have you prepare his T1 Personal Tax Return. He has one child who was 8 years old at the end of the year. Sadly Joe's wife passed away five years ago. Joe has childcare expenses for a daycare that his child attends after school each day while Joe works. He also has a nanny who cares for his son at night while he attends classes at SMU. Joe moved part way through the year, to start a new business, which would allow him to work from home and spend more time with his son and save on childcare. He moved 150 kms closer to his new business location. His income from the new business was reported on a T2125. He says he tried to be helpful by preparing a list of the items you might need to prepare his tax return: T4 from employer See Slip Summary T5 Slip from investment See Slip Summary T2202 Slip from SMU See Slip Summary Self-Employment income $10,000 (Per T2125) Rental Income $10,000 (Per T776) Medical expenses for Joe (dental) $5,000 Charitable donations $1,200 (none in prior years) Child Care
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