Ms$.$ Matilda Bracken is a Certified Financial Planner $($CFP$)$ with many years of successful experience. In $2022,$ she decided that she was not adequately appreciated in her current position with a large financial institution in Windsor, Ontario. Given this, she resigned on November $1,2023.$ After several months of investigation, she accepted employment with Retirement Planners Ltd$.($RPL$),$ a CCPC located in London, Ontario. She commenced working for RPL on May $1,2024.$ She owned a home in Windsor which she had acquired several years ago for $$575,000.$ Because of the depressed real estate market in this area, she was eventually forced to sell the property for $$475,000$ in October, $2023,$ resulting in a $$100,000$ loss on this property. Because of the uncertainty surrounding the sale of her Windsor property, she moved into an apartment when she arrived in London on May $1,2024.$ The apartment was rented on a monthly basis until November $30,2024.$ After she accepts an offer to purchase her Windsor house, she finds a home in London that she purchases on November $1,2024$ for $$720,000.$ She moves into this new home on December $1,2024.$ Other Information:Other information relevant to $2024$ is as follows: $1.$ Because of her strong professional reputation, RPL paid her a signing bonus of $$12,000.$ The signing bonus was paid on June $1,2024.2.$ During the period May $1,2024$ through December $31,2024,$ Matilda earned salary of $$124,000.$ $$120,125$ of the salary was received in $2024$ and $$3,875$ received in January of $2025.$ RPL withheld the following amounts from her salary: Income Tax $$18,650$CPP $4,056$EI $1,049$RPP Contributions $3,700$Payment For Personal use of automobile $8803.$ RPL contributed $$3,500$ on Matilda's behalf to the Company's RPP$.4.$ RPL provides PHSP group medical coverage to all of its employees. The premiums paid by RPL on Matilda's behalf were $$562$ for $2024.5.$ On December $12,2024,$ a bonus of $$10,600$ was declared for Matilda. Matilda received $$5,300$ of the bonus on December $29,2024$ and the remainder on January $17,2025.6.$ In $2024,$ Matilda received two non$-$cash gifts, a birthday gift valued at $$350$ and a Christmas gift valued at $$300.7.$ Because of the need to invest some of her additional income, RPL provided Matilda with financial counseling services. The value of these services provided in $2024$ was $$1,200.8.$ In order to assist her move, RPL agreed to compensate her for one$-$half of the $$100,000$ loss on the sale of her Windsor home. The $$50,000$ payment was made on December $1,2024.9.$ In order to help Matilda with financing her new London residence, RPL provided her with a $$220,000$ interest free housing loan. The funds are provided to Matilda on November $1,2024.$ Assume that the prescribed interest rate on employee loans for all quarters of $2024$ is $2\%.10.$ RPL has a stock option plan for its employees. Under this plan, employees are permitted to purchase a limited number of option shares at $10\%$ below their FMV on December $1$ of each year. The company hires valuators to determine the FMV at each of those dates. Matilda acquires $200$ shares on December $1,2024$ for cash of $$7,200.$ On December $15,$ she sells $100$ of these shares for $$4,100.11.$ Matilda paid $$1,600$ in professional dues in $2024.$ RPL$\text{'}$s policy is to reimburse $50\%$ of professional dues as long as the employee is required to maintain that professional status as a condition of their employment. RPL reimbursed her $$800$ in December, $2024.12.$ RPL provides its professional employees with a membership in the London Curling Club. They believe this is a useful venue for entertaining clients of RPL$.$ The cost of this annual membership was $$1,300.$ Matilda does not enjoy curling. $13.$ RPL provides Matilda with an automobile that was purchased in $2024$ for $$45,200,$ including HST$.$ The automobile was available to Matilda for all months for the period May $1,2024$ to December $31,2024.$ During this period, she drove a total of $52,000$ kilometres, of which $40,000$ were for employment purposes and $12,000$ for personal use. RPL pays all operating and maintenance expenses, a total of $$8,900$ for the same period. RPL withheld $$110$ per month from her salary to pay for her personal use of the automobile. $14.$ Matilda's new employment requires her to meet with clients outside of regular office hours throughout the week. RPL will sign form T$2200$ certifying that she is required to pay for certain employment expenses without reimbursement and to use a portion of her home for employment purposes. Matilda has set aside a separate room in her apartment to be used exclusively to meet with clients. She used this office space between May $1,2024$ and November $30,2024.$ This home office accounts for $150$ square feet of the $1,250$ square feet of livable space in her apartment. The home office in the residence she moved into on December $1,2024$ will not be available for use until $2025.$ RPL has agreed to let Matilda use head office space as needed during the month of December $2024.$ Home office costs and expenses are as follows: Monthly Rent $$2,200$Office Furniture $3,400$Computer Purchase $896$Stationery and Office Supplies Purchased $147$Monthly Phone Line Charge $($for $7$ Months$)210$Employment Related Long Distance Calls $($for $7$ Months$)110$Electricity $($for $7$ Months$)350$Paint for Apartment $165$Property Insurance $($for $7$ Months$)17515.$ Matilda received a monthly allowance of $$325$ for $7$ months to cover the costs of maintaining a workspace in her home. Required: Determine Matilda's $2024$ employment income