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You are single and work as the assistant manager at an amusement park called Centre Ville in Lindsay Ontario. You own a townhouse where you

You are single and work as the assistant manager at an amusement park called Centre Ville in Lindsay Ontario.

You own a townhouse where you and your son live.

You supported your son who has no incomeyou can claim him as your eligible dependant. Your son Eric was born on July 1, 2015.

You rented out part of the townhouse to your cousin. Your father is retired and has no income in 2019.

Your sources of income are as follows:

  1. Employment income $65,000, CPP deducted=$3,000, EI deducted=$860 and income tax deducted=$18,000. Union dues of $600 was also deducted.
  2. Bank interest income from RBC $1,200
  3. Your rental income is as follows:

Rental Property: 40% of his townhouse is rented out to your cousin (60% personal use).

All expenses listed are for the ENTIRE townhouse.

There is a laundry room that both you and the tenant use.

Rental revenue $ 7,200

Expenses:

Property Tax $ 5,000

Mortgage interest $ 14,000

Utilities $ 5,000

Insurance $ 2,500

Repairs $ 2,000

Laundry room: Washer and Dryer, class 8 asset 20%, opening UCC $ 1,500.

There were no additions and no dispositions during the year.

Required: Complete your 2019 tax return including all relevant schedules.

Submit

  • The T1 jacket PLUS
  • The applicable schedule for the Rental property.

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