Your name, makeup an address, sin should be left blank, DOB 12 Jan 1990. You are single. The following information pertains to 2022. 1. You had T4 income from ABC Company located in Ontario as follows for 2022: Gross Income $106,000; CPP deducted $2700, EI deducted $950, union dues $320, charitable contributions - 1,100, RPP contributions $6,000; Taxes deducted $21,000 2. You also received a T5 from RBC indicating that you received taxable eligible dividends of $10,000. 3. In addition, you also received a T5 from DEF Company indicating that you received taxable non-eligible dividends of $3,000 from DEF Company. 4. To purchase shares, you seek the advice of an investment counselor who charged $800 for his services. You also borrowed some money from CIBC to invest in the shares of DEF Company and paid interest expense of $3,000 during 2022. 15. According to your 2021 Notice of assessment, you can contribute $12,000 towards your RRSP. However, due to financial challenges you contributed only $8,000 during the current year. 6. You inherited 3000 shares valued at $9,000 in 2005 of a Public Company on the death of your uncle. Those shares were disposed of in 2022 for $7,000. Commissions is 10 % of proceeds. 7. In 2012, you purchased a piece of land for $120,000 which was sold in 2022 for $210,000. Commissions paid $10,000 8. You had a received a boat from an uncle in 2017 as a gift. Your uncle purchased the boat in 2003 for $15,000. FMV of the boat at the time you received it was $12,000. In 2022, you sold the boat for $14,000 to a neighbor. 9. On Jan 1, 2022, you rented a cottage for the year Your gross rental income totaled $24,000 and your total expenses are as follows: Advertising $2,000; Repairs 8,000; Utilities $4600: Taxes 6,000 and 210. During the year, you purchased a new stove for the cottage at a cost of $6,000. You have decided to claim CCA on the copier. (Class 8- 20%). 11. Political Contribution to a Federal registered Political Party $6,000. 12. During the year, you made $4,250 of Donation to United Way 13. Your quarterly installments for 2022 totaled $10,000. 14. You incurred $5,000 of medical expenses during the year. You purchased miscellaneous items fr0m Shoppers Drug Mart during the year. 15. You have a non-capital loss balance of $15,000 which was incurred in 2017 and a net capital loss balance incurred in 2018 of $ 21,000. available to use. 16. You invested $10,000 in 2015 in a CCPC. The company has recently decided to cease its operations and declare bankruptcy on July 12, 2022. 17. During the year, you transferred a parcel of land using sec 85. ACB of the land 200,000. FMV of the land $800,000. 3You received cash of $500,000 and shares with a PUC/ACB of $300,000. Agreed Amount $250,000 18. Your employer provides you with an automobile for employment/ personal use and pays all operating costs for that vehicle. The vehicle, used by you throughout 2022, cost your employer $30,000. You drove the vehicle 45,000 km during the year, of which 10,000 km were for personal purposes and 36,000 for employment purposes. Your employer paid $7,750 in operating costs for the year. You paid nothing to your employer for the use of the vehicle. The taxable benefit was not included in your T4. Please include the taxable benefit as other income in your tax return. 19. To help you with the purchase of a new townhouse, your employer provided you with a $00,000 interest free housing loan. The funds are provided to you on May 1, 2022. Assume that the prescribed interest rate for employee loans for all of 2022 is 2%. The taxable benefit was not included in your T4. Please include the taxable benefit as other income in your tax return. 420. You sold the following properties in the current year: Sales Price Cost Diamond Necklace $1,200 $ 600 Rare Book 1,800 1,200 Coin Collection 900 1,100 Vintage Car 18,500 17,000 Once you have completed the return, please answer the following questions on a word document. What is the net income, taxable income, and tax payable? How many savings did you have from investing in your RRSP? Please upload the tax return and the word document with your answers.