Were you being a tax professional work for A & B tax consultant corp. Victoria, new client ask you to help her to understand and prepare her tax return for 20X9 She wants to know her max RRSP deduction, and she wants to use it all to reduce her taxes. Also, she want you to calculate and explain what is her minimum Net income for Tax Purpose, her minimum Taxable Income, and her minimum Federal tax Payables. Finally, she needs to know her tax credits and how much her tax refund or owe from (to) Canada Revenue Agency She provides you with the following information:

On April 1, 20X9 Victoria receives options from her employer to buy 1,000 Alberta co. shares at 25 on that date the company stock price was traded at 30 Victoria exercises her option on Sept 15, 20X9 when the share price was 40 On October 10, 20X9 she sold those shares for 50 each and she pays 1,000 commission for CIBC Investor-Edge, to handle this transaction.