Question: Prepare a 2021 T1 Return given the following information: Complete the T1 Income Tax Return and any relevant Schedules. Name: Ms. Cynthia Upton Age: 48
Prepare a 2021 T1 Return given the following information: Complete the T1 Income Tax Return and any relevant Schedules. Name: Ms. Cynthia Upton Age: 48 Years Old Address: 456 Green Avenue, Moose Jaw Province: Saskatchewan SIN: 211-222-322 Marital Status: Divorced Gross Salary from Employment $132,000 Union Dues Paid by Taxpayer $759 RPP Contributions by Taxpayer $594 RPP Contributions by Employer $765 EI Withheld from Employment Cheque $889.54 CPP Withheld from Employment Cheque $3,166.45 Income Tax Withheld from Employment Cheque $33,000 T5 - Bank Interest Income Received $1,463 Withdraws from RRSP Account (T4RSP Slip)* $6,154 Additional Information: Daughter: Name: Sarah Upton Age: 19 Years Old Mentally or Physically Infirm? Yes (Note: The disability is permanent and a T2201 is on file) Sources of Income: $2,600 Interest Income Attended Post Secondary Institution. 2 Full Time Months 2 Part Time Months $7,890 Tuition Paid in Year Additional Information (continued): Son: Samuel Upton * During the year, the taxpayer had cash flow issues and decided to cash in a portion of their RRSP in a lump sum Age of Son: 15 Mentally or Physically Infirm? No Enrolled in Sports? Yes $398 Paid for Fees Sources of Income: $0 None Cynthia's Mother: Name: Isabel Wright Lives_with_Cynthia (Note: Mother is in good health and assists with the looking after the children) Age of Mother-in-Law 65 Sources of Income: $7,040 Registered Pension Plan Income $2,243 CPP Payments Received Medical Expenses: The following expenses were incurred for the 2021 tax year: Cynthia $1,123 Dental Visit Cynthia $560 Prescription Drugs Cynthia $487 Botox Injections Samuel $373 Doctor Visit Donations: Federal_Political_Party $862 $ Donated**
REQUIRED:
Prepare a 2021 T1 Return for Cynthia Upton given the above information.
Complete the T1 Income Tax Return and any relevant Schedules. For simplicity assume Provincial Tax Payable is: $9,804 When preparing the return, assume that any tax credits that may be transferred to Ms. Cynthia Upton are.
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