$$ The unincorporated business earns $$6,000$ per month.

$$ Ms$.$ Smith operates an unincorporated business out of her personal residence and the entire basement $($which is $1/3$ of the total house$)$ is dedicated to the business. The house has three levels, including the basement. No other part of the house is used to earn income. Ms$.$ Smith regularly meets clients there to discuss future sales.

$$ To furnish the home office, Ms$.$ Smith spent $$5,000$ on office furniture $($Class $8$ for CCA$)$ on January $1.$ Ms$.$ Smith was getting tired of the dated bathroom on the top floor of the house and decided to renovate it for a cost of $$25,000.$

$$ The monthly heating and utility bills for the whole house are $$120$ and $$150,$ respectively.

$$ Ms$.$ Smith pays her mortgage twice a month $(24$ times a year$)$ and the payments are $$750.$ The outstanding mortgage balance on January $1$ was $$233,000$ and on December $31,$ it was $$219,500.$

$$ The property tax bills were paid on time, directly to the city and the cost was $$4,000($the property tax amounts were not rolled into the mortgage$).$

$$ On January $1,$ she purchased a brand$-$new computer $($Class $50)$ for $$1,500$ and bought new software $($Class$12-$ not the system software$)$ at the same time for $$1,000.$

$$ Ms$.$ Smith pays $$45$ per month for online local advertising.

$$ In order to drum up business, Ms$.$ Smith purchased seasons tickets for both the Senators:

$$ The cost for the Senators tickets $(2)$ for $$1,500$ each. Ms$.$ Smith will take a client to every hockey game; she has not missed a game in over five years.

$$ Ms$.$ Smith also buys Redblack tickets for her family every year for a total amount of $$3,000.$

$$ Due to environmental reasons, Ms$.$ Smith does not own a car, so she rides her bike whenever she needs to meet a client or a supplier.

$$ During the taxation year, Ms$.$ Smith purchased $$32,000$ worth of items for resale in her business.

$$ Her brother is always helping out with the business; however, he has never received any kind of renumeration for the assistance he has provided.

$$ Ms$.$ Smith has a business bank account and the monthly banking fees associated with this account are $$5$ a month.

$$ In March, one of Ms$.$ Smith$$s best customers went bankrupt and was unable to pay for the purchased she made. The customer owed a total of $$3,500$ to Ms$.$ Smith.

$$ Ms$.$ Smith pays $$75$ a month for a storage locker that she has had for over $3$ years. Everything in the storage locker was bequeathed to her from her great uncle. She has no use for the items, but she can$$t seem to let them go$.$

$$ A couple of years ago, Ms$.$ Smith received an inheritance and she decided to use that money to purchase two condominium units in the same development. Both units are finalized on January $1$ and they were both rented out for the entirety of the taxation year.

$$ Condo $1($Class $1)$ had a purchase price of $$250,000$ and is rented out for $$825$ a month. The monthly condo fees are $$60,$ and Ms$.$ Smith paid in total $$4,200$ in mortgage interest. The property taxes were $$2,500,$ and the insurance for the unit was $$400.$ The tenant that rented out this property all year told Ms$.$ Smith that she hated the colour of the carpet in the bedrooms. In order to keep the tenant happy, Ms$.$ Smith paid to get the carpet replaced for $$1,350.$

$$ Condo $2($Class $1)$ had a purchase price of $$550,000$ and is rented out for $$2,250$ a month. The monthly condo fees are $$140,$ and Ms$.$ Smith paid in total $$17,800$ in mortgage interest. The property taxes are $$5,500,$ and the insurance for the unit was $$800.$ This is the bigger of the two units and Ms$.$ Smith decided that she would buy a freezer $($Class $8)$ for $$1,000$ for the tenants as the freezer that came with the fridge was too small for a family of four.

$$ In the current year, Ms$.$ Smith received a hot stock tip from a friend regarding a brand$-$new industry and she decided to buy $10,000$ shares at $$2\mathrm{.}50$ each. The investment did not turn out so well and on December $30$th$,$ Ms$.$ Smith decided to sell all the shares at $$0\mathrm{.}75.$ She was devasted when she had to sell them, but she was scared that the share price would have dropped even lower.

$$ In the current year, Ms$.$ Smith received another hot stock tip from an article she read online. On March $1$st$,$ she bought $500$ shares at $$35$ each. Due to the financial instability she decided to also sell all of these shares on December $30$ for $$38\mathrm{.}50$ each. Ms$.$ Smith has sworn off self$-$directed investments due to the stress they both caused her over the past $18$ months.