Joanne, a widow, received the Old Age Security benefit of $6,850 in 2016. Her Division B income,
Question:
Joanne, a widow, received the Old Age Security benefit of $6,850 in 2016. Her Division B income, excluding the deduction for the Part 1.2 tax, is $75,000.
REQUIRED
Outline all of the tax implications of receiving the Old Age Security benefit in this case.
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Related Book For
Introduction To Federal Income Taxation In Canada 2016-2017
ISBN: 9781554968725
37th Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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