The year 2020 was a time of change and turmoil for many people, especially Hilary. Although she was laid off and forced to retired, nevertheless, it was a very good financial year for her, earning some sweet capital gains and other investment income.

As she had turned 65 in 2020, she also started to collect the federal Old Age Security pension, as well as company pension income from her ex-employer.

Nevertheless, just to keep busy, she found a small part-time employment, helping children cross the street. As she only earned a modest $3,400, the employer did not have to make any income tax withholdings from this salary income.

Hilary, who is divorced, needs as much income as possible because she has a large extended family to support. Its one big happy family consisting of the following members:

Billie is her 12-year son, who is not certified with a disability, but in fact, is considered by his doctors, to be infirm. In spite of his condition, Billie earned net income of $2,500 in 2020.

Willie is her 20-year old son, who is in good health and in full time attendance at Concordia. Hillary has paid Willies modest tuition fees of only $3,000. In 2020, Willie had a summer employment income of $5.500 and received scholarships of $10,000. Like any good son would do, Willie has agreed to transfer any available education related tax credits to his mom.

Nellie is Hillarys 4-year old adopted child, whose official adoption papers were finalized last year. Unfortunately, soon after the adoption, she was diagnosed to have Downs Syndrome. This condition is considered to be an infirmity.

Popi is Hillarys 80-year-old father who lives with Hillary. Apart from being on the usual medications, and considering his age, he is in excellent health. In 2020, he earned the Old Age Security pension and other modest income resulting in a net income of $10,000.

Maddie is Hillarys 75-year old mother who also lives with her and is dependant on her. Maddie is disabled, specifically, she is blind but otherwise, in perfect health. In 2020, her net income for tax purposes was $18,860

During 2020, Hillary donated $1,800 to a variety of registered charities as well as another $500 to her favourite federal political party candidate.

During 2020, Hillary paid for the following eligible medical costs:

For herself	$2,850
For her adopted child- Nellie	1,480
For her father-Popi	3,940

Required:

Assuming that Hillarys 2020 Division Bs net income for tax purposes is correctly calculated at $150,000, in a concise point form schedule, do all the calculations required to arrive at her minimum federal tax payable for 2020.

For full marks, you must specifically identify the name of the dependent individuals, the type of credit being claimed for those individuals; and the amount of the credit being claimed for those individuals. You must show the details of all your calculation used to determine the claimed amount

Also, you must also identify any dependent or expense that did not result in a tax credit for Hillary, ie, a nil item

To help you with your answer, please see the information below that contains a Crib Sheet regarding the 2020 marginal tax rates and some selected non-refundable tax credit amounts and the applicable net income thresholds

Crib Sheet 2020 TAX TABLE TAXABLE INCOME On the 1st $48,535 $48,536 to $97,069 $97,070 to $150,437 $150,438 to $214,368 Over $214,368 @ 15% @ 20.5% @ 26% @ 29% @ 33% SOME SELECTED PERMITTED NON-REFUNDABLE TAX CREDITS Credit Base Amount Dependent's Net Income Threshold Excess 17,085 Basic Personal amount -net income $150,473 or less 13,229 Married / Common Law Partner 13,229 Plus: if infirm 2.273 15,502 Eligible Dependent 13,229 Plus: if infirm 2.273 15,502 Canada Caregiver for Infirm Child Under 18 2.273 Canada Caregiver (regular) 7,276 Canada Caregiver -Additional Amount From nil to 7,276 (Based on the deficiency between 7,276 and the dependent's adjusted credit base amount) Age 7,637 Pension 2,000 Canada Employment 1,245 Disability amount -all ages 8,576 Disability Supplement under 18 5,003 (Reduced by certain claimed medical expenses) Medical Credit Base = Total expenses - [Lesser of $2,397 or 3% of NITP] Federal political tax credit: First $400 at 75% Next $350 at 50% Next $525 at 33.3% TOTAL MAX CREDIT $650 38,508 Crib Sheet 2020 TAX TABLE TAXABLE INCOME On the 1st $48,535 $48,536 to $97,069 $97,070 to $150,437 $150,438 to $214,368 Over $214,368 @ 15% @ 20.5% @ 26% @ 29% @ 33% SOME SELECTED PERMITTED NON-REFUNDABLE TAX CREDITS Credit Base Amount Dependent's Net Income Threshold Excess 17,085 Basic Personal amount -net income $150,473 or less 13,229 Married / Common Law Partner 13,229 Plus: if infirm 2.273 15,502 Eligible Dependent 13,229 Plus: if infirm 2.273 15,502 Canada Caregiver for Infirm Child Under 18 2.273 Canada Caregiver (regular) 7,276 Canada Caregiver -Additional Amount From nil to 7,276 (Based on the deficiency between 7,276 and the dependent's adjusted credit base amount) Age 7,637 Pension 2,000 Canada Employment 1,245 Disability amount -all ages 8,576 Disability Supplement under 18 5,003 (Reduced by certain claimed medical expenses) Medical Credit Base = Total expenses - [Lesser of $2,397 or 3% of NITP] Federal political tax credit: First $400 at 75% Next $350 at 50% Next $525 at 33.3% TOTAL MAX CREDIT $650 38,508