Assignment #$2-$

Chapter Review Problem $13-1.$

Taxpayers' Information:

Taxpayer #$1$

Name: Owen Cornell

SIN: quad$805232105$

DOB: August $19,1980$

Address: $2621$ River Road, Your City, YP$,$ XOX $0$X$0$

Note: use a postal code applicable to your province $($YP$)$

Phone number: $($XXX$)983-2425$

Email address: No email address

Taxpayer #$2$

Name: Sonja Cornell

SIN: quad$805232212$

DOB: June $3,1982$

Address: same as Owen

Phone number: $($XXX$)983-2426$

Email address: No email address

Taxpayer #$3$

Name: Kirsten Cornell

SIN: quad$805232329$

DOB: July $1,2004$

Address: same as parents

Email: k$.$cornell$2004$@email.ca

Owen and Sonja Cornell are married. They are the parents of two

children: Kirsten and Ingrid $($born on May $17,2013).$ Ingrid does not have

any income, and neither dependant has an infirmity.

Kirsten graduated from secondary school in June. She received a

scholarship for her excellent work in school and has a T$4$A with $$5,000$ in

Box $105.$ Kirsten took the summer off to do some travelling. In

September, Kirsten began full$-$time study at the University of Your

Province. She lives in a university residence during the academic year,

but she uses her parents' home on River Road as her official address. In

addition to tuition of $$3,000,$ Kirsten spent $$350$ on books and $$25$ for

student association fees. She has receipts for these expenses. Kirsten's

T$2202$ shows that she attended university full$-$time for four months. She

wants to transfer maximum tuition amounts to her father.

Owen works as a meteorologist and Sonja works part$-$time as a graphic

artist. Their information slips are reproduced on the following pages.

artist. Ineir intormation sitps are reproaucea on the roliowing pages.

Owen and Sonja paid the following medical expenses in $2023,$ for which

they were not reimbursed by their insurance:

$*$Note: For anyone in NT or NU$,$ assume the chiropractic treatment took

place outside of NT or NU $($and that the figure includes any related

eligible medical travel expenses$).$

Owen has official receipts for these medical expenses. The only other

medical expenses the Cornells had in $2023$ were the premiums for the

health insurance plan Owen paid through his employer.

Sonja was in hospital for six weeks during the year, but all of her

expenses were covered by their health plan. She paid Victoria Lipinski

$($SIN $805212438)$ $$2,000$ to care for Ingrid after school on the days she

worked and for the six weeks she was in hospital.

Owen and Sonja both have RRSP accounts. Owen contributed $$2,000$

into his own RRSP account in December $2023$ and $$6,000$ into a spousal

RRSP for Sonja in January $2024.$ Sonja has not contributed into any

RRSP account for the last $2$ years. Owen's RRSP deduction limit for

$2023,$ as stated on his $2022$ Notice of Assessment, was $$45,000$ and

Sonja's RRSP limit is $$3,000.$

Owen, Sonja and the children are all Canadian citizens, and neither

Owen nor Sonja own any foreign property and live within a census

metropolitan area.

Box $22$:

BC: $11,675$; AB: $12,690$; SK: $13,595$; MB: $14,630$; ON: $12,481$; NB: $14,298$

NS: $15,111$; PE: $14,776$; NL: $14,532$; YT: $11,891$; NT: $11,795$; NU: $10,882$;

should be claimed $($by whom and how much$).$

Questions.

$1.$ How much of the scholarship must Kirsten include in her income?

Explain your answer.

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$2.$ Kirsten is filing her own tax return; will she receive a GST$/$HST credit?

Why or why not?

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$3.$ How much of her expenses for books and association fees can Kirsten claim on her tax return? Explain your answer.

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$4.$ Explain how the child care expenses should be claimed $($by whom and how much$).$

$5.$ List the medical expenses that can be claimed below.

$6.$ Who should claim the medical expenses? Explain your answer.

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$7.$ Calculate the amount of the medical expense to be claimed on Line $33099$ and on Line $33199.$ Show your calculations for both Lines.

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$6.$ Who should claim the medical expenses? Explain your answer. Enter text here...

$7.$ Calculate the amount of the medical expense to be claimed on Line $33099$ and on Line $33199.$ Show your calculations for both Lines.

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$8.$ Did Owen or Sonja over$-$contribute to their RRSP$\text{'}$s$?$ Is Form T$2205$ required for Owen and Sonja?

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$9.$ What refundable tax credits are Owen, Sonja and Kirsten entitled to$?$ Enter text here...

$10.$ Complete all the federal tax return for Kirsten, including her Schedule $11.$