Ms. Morrison is divorced and maintains a residence far from her former spouse. She has custody of
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Ms. Morrison is divorced and maintains a residence far from her former spouse. She has custody of the two children from the marriage. They are aged 7 and 10 and in good health. Her Net Income For Tax Purposes is $50,000, all of which is spousal support payments. Neither child had any income for the year.
Determine the maximum amount of 2020 personal tax credits, including transfers from a spouse or dependent, that can be applied against federal Tax Payable by the taxpayer.
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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