Question
This is a Canadian Taxation course Required: Determine the maximum amount of 2018 personal tax credits, including transfers from a spouse or dependant, that can
This is a Canadian Taxation course
Required: Determine the maximum amount of 2018 personal tax credits, including transfers from a spouse or dependant, that can be applied against federal Tax Payable by the taxpayer in each of the following independent Cases. A calculation of Tax Payable is NOT required.
6. Ms. Young is divorced and maintains a residence far from her former spouse. She has custody of the 2 children from the marriage. They are aged 9 and 12 and in good health. They both earn $750 from paper routes. Her Net Income for Tax Purposes is $72,000, all of which is spousal support payments
5 | Particulars (Ms. Young) | Amount |
Basic Personal Amount | ||
Spouse Amount | ||
Mother Amount | ||
EI Amount | ||
CPP Amount | ||
Canada Employment | ||
Eligible Dependent Amount | ||
Age Amount | ||
Pension Amount | ||
Canada Caregiver Amount | ||
Total credit base | 0 |
Note: Enter the amount without $ sign or comma separation. Also, if a credit is not relevant to the particluar situation - leave it blank. Do not enter 0 if you are not claiming credit for a particular item. Just leave it blank
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