There following are six independent scenarios. Each one involves various taxation assumptions for Peter Mousiken during 2019. His Net Income for Tax Purposes is equal to his Taxable Income in all Scenarios.

Instructions: In each separate scenario, calculate the minimum 2019 federal Tax Payable?

Scenario (3) Peter is 43 years old and has employment income of $151,000. His wife Mary is 41 years old and has Net Income For Tax Purposes of $5,900. They have a 21 year old son who lives at home. He is dependent because of a physical infirmity, but it is not severe enough to qualify him for the disability tax credit. However, he is able to attend university on a full time basis for 8 months during 2019. Peter pays his tuition fees of $8,900. The son agrees to transfer the maximum of his tuition fee amount to Peter. The employer withheld the maximum El premium and CPP contribution totalled to $3,609.

2019-2020 Canadian Income Tax