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Use the following information to fill out Mitchell's 2016 income tax forms - Federal and Ontario: Employment Income 26,500 Interest Income (T5) 40 RRSP deduction

  1. Use the following information to fill out Mitchell's 2016 income tax forms - Federal and Ontario:

Employment Income

26,500

Interest Income (T5)

40

RRSP deduction

950

Professional dues (T4)

165

CPP contributions (T4)

1,138

Employment insurance premiums (T4)

498

Charitable donations

75

Tuition

3,733

Public Transit

225

Education amount and textbooks (4 months full-time, Column C)

Use schedule 11 to calculate this. Assume he has no unused tuition.

Interest payment on student loans

245

Income tax deducted at source (T4)

2,085

CANADIAN!!

REQUIRED LINES:

150

233

260

23

27

30,

31

39

58

16,

24,

29

30

38

53

61

65

66

6610

Does Mitchell qualify for the OEPTC (Ontario Energy and Property Tax Credit)? Enter '1' if Yes, and '0' if No.

Does Mitchell qualify for the NOEC (Northern Ontario energy credit)? Enter '1' if Yes, and '0' if No.

Suppose that Mitchell qualifed for certain credit(s) specified on the form of ON-BEN. How would he get the

credit(s)?

Enter '1' if CRA (Canda Revenue Agency) will do calcuations based on his completed form and send him the

credit(s) separately from tax refund;

Enter '0' if CRA (Canada Revenue Agency) will do calcuations based on his completed form and include the credit(s) into his tax refund.

435

482

484

485

Federal Marginal Tax Rate (%):

Combined Marginal Tax Rate (2 decimal places) (%):

Average Tax Rate (two decimal places) (%):

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