Question: Were you being a tax professional work for A & B tax consultant corp. Victoria, new client ask you to help her to understand and

Were you being a tax professional work for A & B tax consultant corp. Victoria, new client ask you to help her to understand and prepare her tax return for 20X9 She wants to know her max RRSP deduction, and she wants to use it all to reduce her taxes. Also, she want you to calculate and explain what is her minimum Net income for Tax Purpose, her minimum Taxable Income, and her minimum Federal tax Payables. Finally, she needs to know her tax credits and how much her tax refund or owe from (to) Canada Revenue Agency. She provides you with the following information:

In April 20X9, Victoria moves to Edmonton, here employer help her to be transferred to Edmonton branch, which located only 2km from here Edmonton home. She drove 155 km in her van with her 3 children and husband, and she pays the moving company 6,500 to move here household to Edmonton. The moving company delays the delivery due to drivers strike, she and her family stayed in Holiday Inn hotel for 3 night 4 days and pays 300 per night not including meals (she provides you with the receipts). Alberta co. policy not to reimburse any moving expenses for any employee

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!