Mrs. Brown is 58 years of age, and her 2021 income is made up of a net

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Question:

Mrs. Brown is 58 years of age, and her 2021 income is made up of a net employment income of $68,000: eligible dividends of $10,000. For 2021 her employer withheld CPP of $2,300; EI of $810 and Federal Income tax of $5,000. Other information for Mrs. Brown’s 2021 taxation year:

1- You learn from Mrs. Brown that she has some losses carried from 2009, non-capital loss of $10,000, and net capital loss carried from previous years amount of $11,800. She wants to deduct them if possible. Also, she has $850 unused charitable donations from 2009, she wants to claim them if allowed.

2- Mrs. Brown’s spouse is 66 years old. His only income for this year is $1,000 in interest from Canadian sources and $4,000 from a pension fund (non-government pension). The investment is inherited to him from his parents.

3- Mr. and Mrs. Brown have three children and in December 2021 their age was 12, 14, and 18 years old. Abbey, the oldest daughter, in September 2021 began full-time student at Calgary University. Mr. Brown paid her one-year tuition fees of $8,000 (50% for the fall 2021 semester and 50% for winter 2022). (He provides you with a 2021 T2201 showing the tuition amount of $4,000 and she enrolled full time for 4 months)

4- The family medical expense for the year was $2,600; all the amounts paid by Mr. Brown. None of the medical expense for her older daughter Abbey

5- In 2021 Mr. Brown made a cash donation to a Canadian Charity amount of $3,000; also, he made another $1,275 cash contribution to Federal Political parties.

6- Mr. and Mrs. Brown purchase a new larger home in 2021 for $500,000. Also, they sold their old home at the same time for $400,000 at the same time.

Mrs. Brown provides you with all the required forms signed by her daughter Abbey and her husband, both agreeing to transfer any eligible amounts/ credits to her at maximums.

Required:

Calculate Mrs. Brown’s minimum 2021 federal income tax payable. Show all calculations if required.