Yuen Li was terminated from his employment with Exit Ltd. in July 2023. In November, he began work as a commission salesperson for Kolex Ltd., a Canadian public corporation.

Yuen has asked you to help him prepare his 2023 tax return. Information regarding his employment for 2023 is outlined below.

1. Yuens employment with Exit was terminated on July 31. His salary to that date was $61,600. Besides income tax, Exit deducted the following amounts from his salary:

Registered pension plan	$	4,400
EI and CPP contributions		4,756
Group sickness and accident insurance plan premium		600

Exit also contributed $4,400 to an RPP and $600 to a group sickness and accident insurance plan on Yuens behalf.

Yuen took a medical stress leave from January 10 to March 15. His salary was not paid during the leave. However, he received $5,000 for loss of earnings from the group sickness and accident insurance plan. In previous years, Yuen had paid a total of $3,300 in premiums to the plan.

1. On July 31, Yuen returned the company car to Exit, which had been available for his personal use. The car had an original cost of $36,800 and a book value of $24,000. Yuen drove the car 20,000 km in 2023, of which 8,400 km was for employment purposes. Exit paid the operating expenses of $2,900.
2. When his employment was terminated, Yuen paid a lawyer $900 to settle compensation issues. As a result, he received additional holiday pay of $1,100 and a retiring allowance of $6,600 for his 10 years of service.
3. Yuen collected employment insurance of $5,400 before starting his employment with Kolex on November 1.
4. Besides a base salary of $1,100 per month, Yuen receives commissions on sales. His commission is 4% of sales. His first sales were made in late December and totalled $150,000. He received the related commission on January 15, 2024. On December 1, 2023, Kolex paid Yuen $1,500 as an advance against commissions.
5. Kolex certified that Yuen was required to pay his own car and other expenses. On November 1, he leased a car at $1,200 per month (including 13% sales tax). Operating expenses for November and December were $1,000 in total. The car was used 70% of the time for employment purposes.
6. In December, Yuen sold 4,400 shares of Kolex Ltd. at $10 per share. He had acquired them in November under a stock-option plan at $6. At the time of acquisition, the shares were valued at $8 per share. When the option was granted, the shares were valued at $6 per share.
7. Yuen incurred the following additional expenses:

Entertainmentmeals and beverages	$	700
Promotiongift calendars for customers		200
Purchase of a cell phone		600
Basic cell phone plan (employment usage)		410

Required: Determine Yuens employment income for tax purposes for 2023.