For the 2022 taxation year, Annie Kaur has net business income of $75,000 from her sole proprietorship. She also owns a rental property which reports a loss of $10,000 for the year. She is married to Jay and Jay's net income for tax purposes is $15,000 for the year. Jay has a mental infirmity which limits the hours of work per week. Annie and Jay have a 10-year daughter who has a physical infirmity, but it is not severe enough to qualify for the disability tax credit.

Annie's 75-year old mother lives with them and Annie provides support for the mother, even though the mother's net income for tax purposes is $20,000 for the year. The mother has a physical infirmity.

Calculate Annie's minimum 2022 federal income tax payable (after tax credits). Show all supporting calculations.

 

Minimum 2022 federal income tax payable (after tax credits) = $

Answer rating: 100% (QA)

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