logo

Canadian Tax Principles on desklib

   

Added on  2023-05-28

9 Pages652 Words210 Views
 | 
 | 
 | 
Running head: CANADIAN TAX PRICNIPLES
Canadian Tax Principle
Name of the Student:
Name of the University:
Authors Note:
Canadian Tax Principles on desklib_1

1
CANADIAN TAX PRINCIPLES
Giles Jones Income tax return:
Step 1:
First name and initial Mr Giles Social insurance number
(SIN)
499 499 499
Last name Jones Date of birth
June 25, 1956
Mailing address Marital status Married
Information about residence Information about spouse or common
partner
Step 2
Employment income
230,000.00
Commissions
30,000.00
Other employment income
3,600.00
Old age security pension
CPP and QPR benefits
Disability benefits
Other pension and superannuation
Elected split pension amount
Universal child care benefits
UCCB amount designated as a dependant
Employment insurance and other benefits
Canadian Tax Principles on desklib_2

2
CANADIAN TAX PRINCIPLES
Taxable amount of dividend
2,691.00
Interest and other investment
income 350.00
Rental income
2,325.00
Capital gain
5,455.00
Self-employment income
Business income
Workers compensation benefits
Social assistance payment
Net federal supplements
Total income 274,421.00
Step 3: Net income
Total income
274,421.00
Pension adjustment
11,000.00
Registered pension plan
deduction 5,500.00
RRSP pooled register
17,600.00
PRPP employer contributions
Universal child care benefit repayments
Child care expenses
Deduction for CPP and QPP contributions
Other deductions
34,100.00
Canadian Tax Principles on desklib_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Advanced Taxation Assesment Report
|13
|1222
|10

ON428 Ontario Tax Form - T1 General 2017 - Desklib
|4
|1895
|436

ON428 Ontario Tax Form - T1 General 2017 - Desklib
|4
|1915
|429

PE428 Prince Edward Island Tax and Credits - T1 General - 2017
|3
|1715
|322

Income Statement Assignment
|12
|2404
|41

Canadian Tax Assignment
|10
|674
|40