Jerald Gilreath is an employee of a Canadian publicly traded company.He works in their Calgary office and lives downtown in a high rise condo. In addition to his 2017 base salary of $175,000, he earns commissions of $175,000.

Other employment related info is as follows:
 
 -Jerald's employer requires him to pay all his employment related expenses, as well as provide his own office space. Jerald has the required Form T220 from his employer.
 -Jerald's travel costs for 2017, largely airline tickets, food, and lodging, total $26,900. This includes $11,300 spent on meals while traveling for his employer. This meal total includes meals with clients of $4,300.
 -Jerald is a member of his employer's registered pension plan. During 2017, $4,100 was withheld from his salary as a contribution to his plan. His employer made a matching contribution of $4,100.
 -During 2017, Jerald pays dues to his professional association of $422.
 -During 2017, Jerald was billed a total of $10,500 by his golf club in Calgary. Of this amount $2,850 was the annual membership fee, with the remaining amount for meals and drinks with clients. He uses the club only when he is with clients.
 -For his employment related travel, Jerald drives a car he purchased  on January 1, 2017 for $42,000, including GST. During 2017, he drives 52,000 kilometers, of which 43,000 are employment related. Jerald had financed the car with a loan from the bank and during 2017 he had paid interest of $2,750.          

The cost of operating the car during 2017 were $10,920. He has been advised by his accountant that, if the car were used 100 percent for employment related activities, the maximum CCA for 2017 would be $4,500.
7.   Jerald uses 25 percent of his personal residence as an office. During 2017, the cost associated with his home were as follow:
               Interest payments on mortgage    $9100
              Property taxes                                  3750
               Utilities                                            1925
               Insurance                                        1060
                  Furnace, Wiring and Foundation Repairs        4200
                Total                                                 $20035
8. At the beginning of 2017 Jerald's employer grants him options to buy 500 of the Company's shares at a price of $17.50 per share . This was the market price of the shares at the time the options were granted. During July 2017 when the shares are trading at $19.75 per share, he exercises all of these options. In order to buy Christmas gifts for his family, he sells 100 of these shares in early December, 2017. The proceeds are $20.50 per share.

9. His employer has a policy of giving all employees gifts to promote employee loyalty and  help local business. During 2017 Jerald received the following gifts:
               -A weekend for him and his wife at a local hotel. The value of the girt was $425
               -A $400 gift certificate at a local electronics/hardware store
 
 -A basket of fruit, nuts, and cheese with a value of $225

10. During 2017, Jerald purchased tickets to Calgary Flames games for $1920. He used these tickets to attend games with key personnel from important clients. He also purchased tickets to a Montreal Canadians game in Montreal or $864. He used these tickets to attend the game with his prospective client located in Montreal.


Calculate Jerald's minimum net employment income for 2017 taxation year. Ignore GST and PST considerations.