Johann Bach is 54 years old and his spouse, Maria, is 67. Maria is eligible for the
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Johann Bach is 54 years old and his spouse, Maria, is 67. Maria is eligible for the disability tax credit. Johann's net income for 2021 is $109,000, while Maria's 2021 net income is $6,200 and is all attributable to OAS. Johann's income is entirely attributable to investment income (e.g. income from property]. What is the maximum amount of personal tax credits that reduce Johann federal income tax for 2021?
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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