Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Taxpayers Information: Taxpayer # 1 Name: Parker Patel SIN: 8 0 5 2 3 2 1 0 5 DOB: August 1 9 , 1 9

Taxpayers Information: Taxpayer #1 Name: Parker Patel SIN: 805232105 DOB: August 19,1978 Taxpayer #2 Name: Morgan Martin SIN: 805232212 DOB: June 3,1980 Address: 2621 River Road, Your City, YP, P0P 0P0(outside of a CMA) Phone number: (XXX)983-2425 Email address: No email address Taxpayer #3 Name: Ash Martin-Patel SIN: 805232329 DOB: July 1,2003 Address: 2621 River Road, Your City, YP, P0P 0P0 Morgan and Parker are common-law partners and the parents of two children: Ash and Avery (born on May 17,2012). Avery does not have any income. Ash graduated from secondary school in June and received a scholarship for excellent work in school, and has a T4A with $5,500 in Box 105. Ash took the summer off to do some travelling. In September, Ash began full-time study at the University of Your Province. Ash lives in a university residence during the academic year, but uses River Road as their official address. In addition to tuition of $3,000, Ash spent $350 on books and $25 for student association fees, and has receipts for these expenses. Ashs T2202 shows that they attended university full-time for four months. Ash wants to transfer maximum tuition amounts to their parents. Parker works as a meteorologist and Morgan works part-time as a graphic artist. Their information slips are reproduced below. Parker and Morgan paid the following medical expenses in 2022, for which they were not reimbursed by their insurance: July 16 Ash Dr. Wolf, orthodontist $2,100 August 15 Avery Dr. Wolf, orthodontist $5,000 All year Morgan Chiropractor* $2,500*Note: For anyone in NT or NU, assume that the chiropractic treatment took place outside of NT or NU (and would include any related eligible medical travel expenses). Parker has official receipts for these expenses. The only other medical expenses the family had in 2022 were the premiums for the health insurance plan Parker paid through work. Morgan was in hospital for six weeks during the year, but all expenses were covered by their health plan. Morgan paid Victoria Lipinski (SIN 805212438) $2,000 to care for Avery after school on working days and for the six week hospital stay. Will Parker claim child care expense too?? Parker and Morgan both have RRSP accounts. Parker contributed $4,000 into their own RRSP account in December 2022 and $4,000 into a spousal RRSP for Morgan in January 2023. Morgan has not contributed into RRSPs for the last 2 years. Parker's RRSP deduction limit is $45,000 and Morgan's RRSP deduction limit is $3,000. Parker, Morgan and the children are all Canadian citizens and neither Parker nor Morgan own any foreign property. 1 Parker Information T4 box 14-65750.00163499.8024-6030018-952.7420-120052-240085-150026-6490022-136302- morgan t4 box 14-10580 box16-419.80 box 18-173.12 Important Instructions. The assignment will have questions about all taxpayers situations. You only need to prepare Ashs Federal Tax Return and Schedule 11. Use the fillable forms package available for download from uLearn > Connect > All communities > Tax Academy 2023> Topics > English>1. Tools and resources - all courses > Fillable Forms Package Assignment #2 will be completed in uLearn and you should have the questions below answered and ready to reference before opening the assignment in uLearn. Refer to your Learning Guide for full instructions on how to submit your answers for grading for this Assignment #2. I want to know about Parker file return and Morgen File Return Only. Please Tell as soon as possible.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Kermit D. Larson, William W. Pyle

4th Edition

0256067813, 978-0256067811

More Books

Students also viewed these Accounting questions