In $2023,$ Rashmika Manda is employed by Glorious Gardens Illustrated Ltd $($GGI$),$ a Canadian controlled private corporation. She was recently promoted from Associate Editor to Editor in Chief, a promotion she worked very hard for over the past three years. Rashmika has requested your assistance in preparing her $2023$ income tax return and your advice on certain other tax matters.Information regarding Rashmika's financial activities for $2023$ is outlined in Exhibit $3-1.$ Selected information from her $2022$ tax return is provided in Exhibit $3-2.$Exhibit $3-1$Rashmika Manda$2023$ Financial Information$1.$ In $2023,$ Rashmika received a salary of $$150,000.$ From her income, GGI deducted income tax of $$33,000,$ $$3,754$ of CPP$,$ and $$1,002$ of El$.$ GGI contributed $$700$ as Rashmika's premium on a supplementary unemployment insurance plan and paid $$1,000$ to the Professional Writer's Association of Canada for Ramshika's professional dues that relate to maintaining her professional status, which is a condition of her employment. The company also contributed $$5,000$ to its registered pension plan on Rashmika's behalf, and Rashmika made a matching contribution of $$5,000.$ GGI also provides Ramshika with $$500,000$ in life insurance coverage, as well as a supplemental accident and sickness insurance plan. The $2023$ cost to GGI for the life insurance coverage was $$675,$ while the cost for the accident and sickness plan was $$472.$The accident and sickness plan would pay cash benefits due to injury or illness, but it would not pay periodic benefits to replace salary if Ramshika were unable to work. Ramshika does not contribute to the payments for the accident and sickness plan$\mathrm{.}2.$ Much of Ramshika's employment involves remote work and is required by her employer to maintain an office in her home. This home office occupies $18\%$ of the space in her residence and is viewed as her principal place of business$/$employment$.$ The $2023$ expenses associated with this residence are as follows:ElectricityMunicipal property taxMortgage interestInsuranceRepairs to roofLawn maintenanceSnow removalTotal$ $4,68019,20012,0003,4504,970863647$$$45,8103.$ Ramshika does an extensive amount of travel with location crews for story and feature photo shoots to gain more insight about the stories and locations for each publication. All the travel is incurred while she is away from her employer's head office for at least $24$ consecutive hours According to her employment contract, she is required to pay her own travel expenses. She receives a flat rate monthly allowance of $$1,000$ to cover her travel expenses. The actual travel expenses for $2023$ were as follows:HotelsMeals while travellingAirline tickets$$4,2001,6502,150$In addition to these expenses, Ramshika used her own automobile, which she purchased many years ago for some of the travel. In $2023,$ she drove $32,000$ kilometres, with $16,000$ of these related to her travel for GGI and the remaining $16,000$ for personal use. Operating expenses for the year totalled $$3,200.$ GGI has advised her that CCA on the automobile for the year $(100\%$ basis$)$ would be $$4,500.$ Ramshika received no allowance for the use of her automobile$\mathrm{.}4.$ Throughout their marriage, the Manda's have always lived in their condominium, but they decide to purchase a four$-$bedroom bungalow in the same neighbourhood for $$672,000$ on July $1,2023.$ On this date, GGI provides Ramshika with a $$250,000$ interest$-$free loan that will facilitate the purchase. However, the balance must be paid in full on July $1,2028.$ Assume that the prescribed interest rate is $1\%$ throughout $2023.$ Rashmika and her husband decided to keep the condominium and rent it in $2023.$ Their hope is to have their daughter live there while she attends university in a few years. They purchased the property in $2005$ at a cost of $$120,000.$ In $2023,$ they received $$15,000$ as rent and paid the following expenses:Property management fee property tax strata fees$$3,000$$$2,000$$$5,000$