Question: Please read it completely from the pictures attached and solve this problem step by step and accurately. Please don't miss any parts. Thank you .

Please read it completely from the pictures attached and solve this problem step by step and accurately. Please don't miss any parts. Thank you .
Problem 1) Aisha Patel is employed as a sales manager at Green Earth Solutions Inc., a company
specializing in eco-friendly cleaning products. In 2024, she received a promotion to Director of Sales. In
her new role, Aisha is responsible for managing client accounts and driving sales for the company's eco-
friendly products. As a result, she earned a salary of $100,000 and an additional $20,000 in commissions
based on her sales performance. Additionally, she earned a bonus of $5,000 for hitting her Q4 sales
target, but this bonus will not be paid until May 1,2025.
Her employer provided her with a car loan at an interest rate of 4% to purchase a vehicle as she will
require one to fulfill the responsibilities of her new role. On April 1,2024_ she purchased a $60,000 SUV
plus HST at 15%. The loan is for a duration of 5 years with monthly payments of interest only. They also
gave her a monthly allowance of $500 for her car-related expenses. Aisha used the car for 14,000 km of
employment use and 10,000 km for personal use.
Aisha is required to travel significantly throughout Ontario for work. She receives a monthly allowance of
$500 for travel and no other reimbursements. Throughout the year, she incurred the following costs
related to her employment that have not been reimbursed by her employer:
$5,000 for hotels and accommodations
$4,700 for gas
$1,000 for car insurance
$2,000 for meals while traveling for work
$3,200 for promotional materials for clients
$1,200 for a cell phone used for work
$2,700 for dinners with current and potential clients
Since her job is so demanding, her employer encourages her to take a day or two off when she is traveling
for work. She often invites her spouse to join her at the hotels for these days. Consequently, 10% of the
hotel and accommodation costs are for days when she is relaxing with her spouse after a work trip.
In addition to her employment, Aisha enjoys a side hustle making and selling candles on Etsy. By her
calculations, she earned net income of $27,000 from her candle business. Included in her net income
computation are the following items:
$5,000 for raw materials
$2,000 for packaging & shipping
$1,000 for miscellaneous expenses
$1,700 for a new laptop
$750 for depreciation
During a weekend trip with her spouse to Blue Mountain Resort to celebrate their anniversary, Aisha had
an informal conversation with the owner of the General Store about the possibility of selling her candles
in their store. Although nothing formal came of the discussion, she expensed the $600 cost of the trip.
Aisha is dedicated to growing her candle business and plans to expand her product line in the coming
year. To support this goal, she expensed $500 on tickets to the Crafting Expo in Toronto, where she aimed
to meet other suppliers and explore new equipment options.
Aisha uses a portion of her home exclusively for her candle business. This space, which is 250 square feet,
is dedicated to activities such as production, storage, and administrative tasks. Her entire home is 1,500
square feet. She incurs various home-related expenses annually, including $2,400 for utilities, $12,000 for
mortgage interest, $1,200 for home insurance, $3,000 for property taxes, and $1,000 for maintenance and
repairs. Additionally, she spends $500 annually on office supplies. None of these items have been
considered in computing her net income.
To increase her production capacity, Aisha purchased a new candle-making machine for $10,000 that will
be used in the manufacturing and processing of her candles. She also bought new furniture for her home
office, including a desk, chair, and storage cabinets, for a total cost of $2,500. To deliver her orders to
local stores and transport goods to the post office for online sales, Aisha bought a van for $39,500, which
is used 80% for business purposes. Additionally, she upgraded her labeling equipment, spending $1,200
on a printer, $500 on ink, and $500 on label stickers. She sold her old printer for $400, which she had
purchased for $900. Aisha had opening undepreciated capital cost balances as of January 1 of $3,450 for
Class 8 and $315 for Class 50.
As Aisha's tax consultants, analyze the provided information to determine the tax implications and
calculate her taxable income. Consider all items mentioned. Highlight if any details are unclear or if
additional information is needed from Aisha.
Problem 2: On August 27,2024, Ms. Bubkeh sold 250 shares of Hundt Ltd., a public corporation, for $35
per share. Her trading history in these shares was as follows:
May 24,2012purchased 130 shares @ $26 per share
$2,000 for packaging & shipping
$1,000 for miscellaneous expenses
$1,700 for a new laptop
$750 for depreciation
During a weekend trip with her spouse to Blue Mountain Resort to celebrate their anniversary.
Please read it completely from the pictures

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