Assignment#2 - Chapter Review Problem

Taxpayers' Information:

Taxpayer #1
Name:	Owen Cornell
SIN:	805 232 105
DOB:	August 19, 1980
Address:	2621 River Road, Your City, YP, X0X 0X0 Note: use a postal code applicable to your province (YP)
Phone number:	(XXX) 983-2425 Note: use an area code applicable to your province (YP)
Email address:	No email address
Taxpayer #2
Name:	Sonja Cornell
SIN:	805 232 212
DOB:	June 3, 1982
Address:	same as Owen
Phone number:	(XXX) 983-2426
Email address:	No email address
Taxpayer #3
Name:	Kirsten Cornell
SIN:	805 232 329
DOB:	July 1, 2..4@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 T4A 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 T2202 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.

Owen and Sonja paid the following medical expenses in 2023, for which they were not reimbursed by their insurance:

July 16	Kirsten	Dr. Wolf, orthodontist	$2,100
August 15	Ingrid	Dr. Wolf, orthodontist	$5,000
All year	Sonja	Chiropractor*	$2,500

*Note: For anyone in NT or NU, assume the chiropractictreatment 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 805 212 438) $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.

Canada Revenue Agence du revenu Payer's name - Nom du payeur Agency du Canada T4A Year University Scholarship Program Annee 2023 Statement of Pension, Retirement, Annuity, and Other Income Etat du revenude pension, de retraite, de rente ou d'autres sources Payer offered dental benefits Pension or superannualion - line 11500 Prestations dentaires offertes Prestations de retraile ou autres Income tax deducted - line 43700 pensions - ligne 11500 Impot sur le revenue retenu - ligne 43700 061 Payer's program account number par le payeur Numero de compte de programme du payeur 016 022 Lump-sum payments - line 13000 Self-employed commissions Social insurance number Recipient's program account number Paiements forfaitaires - ligne 13000 Commissions d'un travail independant Numero d'assurance sociale Numero de compte de programme du beneficiaire 018 020 012 805 232 329 013 Fees for services Recipient's name and address - Nom et adresse du beneficialre Annuities Honoraires ou autres sommes Rentes pour services rendus Last name (print) - Nom de famille (on letres moulder) First name - Pronom ritaks - rials 024 048 Cornell Kirsten Other information (soo page 2) 261 River Road Autres renseignements (voir a la page 2) Your City, YP Box - Case Amount - Montant Box - Case Amount - Montant XOX OXO 105 5,000 00 T4A (23) Protected B when completed / Protege B une fois rempli Box - Case Amount - Monitant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - MontantEmployer's name - Nom de l'employeur Canada Revenue Agence du revenu Agency du Canada T4 Year Statement of Remuneration Paid Annee 2023 Etat de la remuneration payee Delight to the Eye Employer-offered Employment income Income tax deducted dental benefits Revenus d'emploi Impot sur le revenurelenu Prestations dantaires offertes par l'employeur 14 11,580,00 22 600.00 45 Employee's CPP contributions-see over Employee's OPP contributions - see over Employer's account number / Numero de compte de l'employeur Catisations de l'employe au RPC-voir au verso Catisations de l'employe au ARQ - voir au verso 54 Province of employment 16 Province d'emploi 502.12 10 YP Employee's second CPP contributions-see over Employee's second OPP contributions - see over Social insurance number Exempt - Exemption Deuxiemes catisations de l'employs au Deuxiemes cotisations de l'employe au RRQ - Numero d'assurance sociale EI PPIP RPC - vair au versa voir au verso 12 Employment code 16A 17A 805 232 212 Code d'emploi RPC/RRQ AE RPAP 29 El insurable earnings CPP/QPP pensionable eamings Gains assurables d'AE Gains ouvrant droit a pension - RPC/RRQ 24 26 Employee's name and address - Nom et adresse de l'employe 11,580.00 11,580.00 Last name (in capital letters) - Nom de familie (on lettres moulees) First name - Pronom Initial - Initigle Employee's El premiums Union dues Calisations de l'employe & TAE Calisations syndicales Cornell Sonja 18 44 188.75 Protected B when completed / Protege B une fois rempli APP contributions Charitable donations Gotisations a un RPA Dons de bienfaisance 2621 River Road 20 46 Your City, YP Pension adjustment RPP or DPSP registration number Facteur d'equivalence N" d'agrement d'un RPA ou d'un RPDB XOX OXO 52 50 Employes's PPIP premiums - see over PPIP insurable earnings Cotisations de l'employe au RPAP - voir au verso Gains assurables du RPAP 55 56 Box - Case Amount- Mortant Box - Case Amount - Montant Box - Case Amount - Montant Other information (see over) Autres Box - Casa Amount- Montant Box - Case Amount - Montant Box - Case Amount - Montant renseignements T4 (23) (voir au verso)Canada Revenue Agence du revenu Protected B when completed Agency du Canada Protege B une fois rempli For student / Pour etudiant 1 Tuition and Enrolment Certificate Year Certificat pour frais de scolarite et d'inscription Annee 2023 Name and address of designated educational institution 11 School type 12 Flying school or club Nom et adresse de l'etablissement d'enseignement Categorie d'ecole Ecole ou club de pilotage 1 University of Your Province 14 Student number 15 Filer Account Number Numero d'etudiant Numero de compte du declarant 7 8 9 45612 13 Name of program or course 19 20 21 22 23 Number Number Eligible tuition fees, Nom du programme ou du cours Session From To of months of months part-time and full-time periods YY/MM Bachelor of Fine Arts YY/MM part-time full-time Frais de scolarite Periodes De A Nombre Nombre admissibles pour Student Name d'etudes AA/MM AMMM de mois a de mois a etudes a temps partiel Nom de l'etudiant temps partiel temps plein ot a temps plein Kirsten Cornell 1 2309 2312 $3,000.00 2 Student address CO Adresse de l'etudiant 4 Totals / Totaux 24 25 26 $3,000.00 2621 River Road Your City, YP Information for students: See the back of Certificate 1. If you want to transfer all or part of XOX OXO your tuition amount, complete the back of Certificate 2 17 Social insurance number (SIN) Renseignements pour les etudiants : Lisez le verso du certificat 1. Si vous desirez transferer une partie ou la totalite de vos frais de scolarite. Numero d'assurance sociale (NAS) remplissez le verso du certificat 2. 8 0 5 2 3 2 3 2 9 See the privacy notice on the next page. Consultez l'avis de confidentialite a la page suivante. T2202 (23) CanadaEmployer's name - Nom de l'employeur Canada Revenue Agence du revenu Agency du Canada T4 Year 2023 Statement of Remuneration Paid Annee Etat de la remuneration payee Conjecturel Associates Employer-offered Employment income Income tax deducted dental benefits Revenus d'emploi Impot sur le revenue retenu Prestations dantaires offertes par l'employeur 14 74,250.00 22 45 3 Employee's CPP contributions-see over Employee's OPP contributions - see over Catisations de l'employe au RPC-voir au verso Catisations de l'employe au RRQ - voir au verso 54 Employer's account number / Numero de compte de l'employour Province of emplayment 16 3,754.45 17 Province d'emploi 10 Social insurance number Exempt - Exemption YP Employee's second CPP contributions-see over Employee's second OPP contributions - see over Deuxiemes catisations de l'employe au Douxiemes cotisations de l'employe au RRQ Numero d'assurance sociale CPP.OPP EI PPIP RPC - vair au versa voir au verso 12 28 H Employment code 16A 7A 805 232 105 Code d'emploi RPC/RRQ AE RPAP 29 El insurable earnings CPP/QPP pensionable eamings Gains assurables d'ME Gains ouvrant droit a pension - RPC/RRQ 24 26 Employee's name and address - Nom et adresse de l'employe 61,500.00 66,600.00 Last name on capital letters) - Nom de tamilic (on lettres mouldes) First name - Pronom Initial - Initigle Employee's El premiums Union dues Calisaliors de l'employe & TAE Calisalions syndicales Cornell Owen 18 1,002.45 44 Protected B when completed / Protege B une fois rempli APP contributions Charitable donations Cotisations a un RPA Dons de bienfaisance 2621 River Road 20 46 950.00 Your City, YP Pension adjustment RPP or DPSP registration number Facteur d'equivalence N" dagrement d'un RPA ou d'un RPDB XOX OXO 52 2,375.00 50 8768002 Employes's PPIP premiums - see over PPIP insurable earnings Cotisations do femploye au RPAP - voir au verso Gains assurables du RPAP 55 56 Box - Case Amount - Montant Box - Case Amount - Montant Box - Case Amount - Montant Other information (see over) 85 1,492.00 Autres Box - Case Amount- Montant Box - Case Amount - Montant Box - Case Amount -Montant renseignements T4 (23) (voir au verso)