Max Underwood is an employee of Abbott Ltd. He receives a salary of $8,000 per month. In July of 2023 he was in an automobile accident and was unable to work for four months. He is a member of his employer-provided group accident and disability insurance program. Max has paid premiums for this insurance in the amount of $780 since he started work at Abbott Ltd. Max has never received benefits under the plan in the past. Abbot Ltd has paid total premiums for the insurance in the amount of $1,800. In 2023, Max received a total of $32,000 ($8,000 per month) in benefits under this plan as a salary replacement. You may assume that all premiums paid under the plan relate to ITA Section 6(1)(f).

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