Mary Singh, has the following information for her Income Tax Return this year: Net Taxable Capital Gains
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Question:
Mary Singh, has the following information for her Income Tax Return this year:
Net Taxable Capital Gains | $10,000 |
Annual Union Dues | $2,000 |
Employment Income | $40,000 |
RRSP Deduction | $10,000 |
First Time Home Buyer's Credit | $5,000 |
CPP Payroll Deduction from her T4 Slip | $2,000 |
Mary's T1 Income Tax Return Net income, Line 15000 for this year is?
Expert Answer:
To calculate the net income it is important to classify the accounts Capital Gains 10000 Labor Incom... View the full answer
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