The following selected tax information has been taken from the books and records of your client, Mr.

Question:

The following selected tax information has been taken from the books and records of your client, Mr. Weilman.
The following selected tax information has been taken from the
The following selected tax information has been taken from the

Non-capital loss arising in 2008 $33,000
Net capital loss arising in 2009 25,000
Listed personal property loss arising in 2008 5,000
Mr. Weilman was not a member of a registered pension plan and, hence, his pension adjustment for the relevant years was nil. His earned income for 2010 was $33,250.
REQUIRED
Prepare a schedule for the calculation of income and taxable income for 2011 and 2012, in accordance with the ordering rules under Divisions B and C, after applying any loss carry forward and loss carry back provisions through an amended return. (Deal with each item line-by-line across the years, rather than computing income one year at a time.)
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Introduction To Federal Income Taxation In Canada

ISBN: 9781554965021

33rd Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

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