Case Study: 2018 Tax Return Preparation for Personal Income

This assignment requires the preparation of a 2018 personal income tax return for James Doode, based on provided T4, T4A, T5 slips, and tuition certificates. The task involves entering income from employment, pension, and investments, calculating deductions and credits, and completing the T1 General form. The assignment also includes addressing questions related to foreign property and authorization for Elections Canada. The student is expected to use tax software to complete the return, applying the concepts learned in the course. The provided financial documents include information on employment income, pension income, investment income, and deductions. The student must accurately calculate taxable income, federal tax, and any refund or balance owing. The assignment emphasizes the importance of accurate data entry and understanding of tax regulations and the use of tax software. The assignment also covers the preparation of the T1 General form, Schedule 1, and other relevant schedules and forms for the completion of the tax return. The final step involves calculating the refund or balance owing, and the student must ensure the correct amounts are entered on the appropriate lines.

TRIAL VERSION
Canada Revenue Agence du revenu
Agency du Canada T1 GENERAL 2017
Income Tax and Benefit Return
Identification
James
Doode
123-Main Street Anytown
K0H1H0
Ontario K0H 1H0
Print your name and address below.
First name and initial
Last name
Mailing address: Apt No – Street No Street name
PO Box RR
City Prov./Terr. Postal Code
Email address
I understand that by providing an email address, I am registering for online mail.
I have read and I accept the terms and conditions on page 17 of the guide.
Enter an email address:
Information about your residence
Ontario
Ontario
Enter your province or territory of
residence on December 31, 2017:
Enter the province or territory where
you currently reside if it is not the
same as your mailing address above:
If you were self-employed in 2017,
enter the province or territory of
self-employment:
If you became or ceased to be a resident of Canada for income tax purposes in
2017, enter the date of:
Month/Day Month/Day
entry or departure
7ON
Information about you
527 000 145
1967-11-01
X
Enter your social insurance number (SIN)
Year/Month/Day
Enter your date of birth:
Your language of correspondence: English Français
Votre langue de correspondance :
Is this return for a deceased person?
If this return is for a deceased Year/Month/Day
person, enter the date of death:
Marital status
Tick the box that applies to your marital status on
December 31, 2017:
X
1 Married 2 Living common-law 3 Widowed
4 Divorced 5 Separated 6 Single
Information about your spouse or
common-law partner (if you ticked box 1 or 2 above)
___ ___ ___Enter his or her SIN:
Enter his or her first name:
Enter his or her net income for 2017
to claim certain credits:
Enter the amount of universal child care
benefit (UCCB) from line 117
of his or her return:
Enter the amount of UCCB repayment
from line 213 of his or her return:
Tick this box if he or she was self-employed in 2017: 1
Do not use this area.
Do not
use this area 172 171
Protected B when completed
Step 1 – Identification and other information

TRIAL
VERSION
X
X
Elections Canada (For more information, see page 19 in the guide)
A) Do you have Canadian citizenship? Yes 1 No 2
If yes, go to question B. If no, skip question B.
B) As a Canadian citizen, do you authorize the Canada Revenue Agency to give your name, address, date of birth, and
citizenship to Elections Canada to update the National Register of Electors? Yes 1 No 2
Your authorization is valid until you file your next return. Your information will only be used for purposes
permitted under the Canada Elections Act, which include sharing the information with provincial/territorial
election agencies, members of Parliament, and registered political parties, and candidates at election
time.
X
Please answer the following question
Did you own or hold specified foreign property where the total cost of amount of all such property,
at any time in 2017, was more than CAN$100,000?
See "Specified foreign property" in the guide for more information 266 Yes 1 No 2
If yes, complete Form T1135 and attach it to your return.
If you had dealings with a non-resident trust or corporation in 2017, see "Other foreign property" in the guide.
Protected B when completed 2

TRIAL VERSION
Doode, James SIN: 527 000 145 Printed: 2019/07/31 12:37
101
102
103
104
Old Age Security pension (box 18 of the T4A(OAS) slip) 113
CPP or QPP benefits (box 20 of the T4A(P) slip) 114
152
115 75,000 00
116
117
185
Employment insurance and other benefits (box 14 of the T4E slip) 119
Taxable amount of dividends (eligible and other than eligible) from taxable Canadian
corporations (attach Schedule 4) 120 20,000 00
180
121 4,500 00
Net partnership income: limited or non-active partners only 122
125
Rental income 160 24,000 00 126 6,450 00
127 53,990 00
Support payments received 156 128
129
130
162 565,000 00 135 88,266 10
164 137
166 139
168 141
170 143
144
145
Net federal supplements (box 21 of the T4A(OAS) slip) 146
Add lines 144, 145, and 146
(see line 250 in the guide). 147
Add lines 101, 104 to 143, and 147 This is your total income. 150 248,206 10
Protected B when completed 3
Step 2 - Total income
As a resident of Canada, you have to report your income from all sources both inside and outside Canada.
When you come to a line on the return that applies to you, go to the line number in the guide for more information.
Employment income (box 14 of all T4 slips)
Commissions included on line 101 (box 42 of all T4 slips)
Wage loss replacement contributions
(see line 101 in the guide)
Other employment income
Disability benefits included on line 114
(box 16 of the T4A(P) slip)
Other pensions and superannuation
Elected split-pension amount (attach Form T1032)
Universal Child Care Benefit (UCCB)
UCCB amount designated to a dependant
Taxable amount of dividends other than eligible dividends,
included on line 120, from taxable Canadian corporations
Interest and other investment income (attach Schedule 4)
Registered disability savings plan income
Gross Net
Taxable capital gains (attach Schedule 3)
Total Taxable amount
RRSP income (from all T4RSP slips)
Other income Specify:
Self-employment income
Business income Gross Net
Professional income Gross Net
Commission income Gross Net
Farming income Gross Net
Fishing income Gross Net
Workers' compensation benefits (box 10 of the T5007 slip)
Social assistance payments

TRIAL VERSION
Doode, James SIN: 527 000 145 Printed: 2019/07/31 12:37
150 248,206 10
206
207
208 9,000 00
205
Deduction for elected split-pension amount (attach Form T1032) 210
Annual union, professional, or like dues (box 44 of all T4 slips, and receipts) 212
Universal Child Care Benefit repayment (box 12 of all RC62 slips) 213
214
215
228Business investment loss Gross Allowable deduction 217
219
230 7,000 00Support payments made Total Allowable deduction 220 7,000 00
221
Deduction for CPP or QPP contributions on self-employment and other earnings
(attach Schedule 8 or Form RC381, whichever applies) 222 2,564 10
224
229
231
232
233 18,564 10 18,564 10
234 229,642 00
Social benefits repayment (if you reported income on line 113, 119, or 146, see line 235 in the guide)
Use the federal worksheet to calculate your repayment. 235
Line 234 minus line 235 (if negative, enter "0").
If you have a spouse or common-law partner, see line 236 in the guide. This is your net income. 236 229,642 00
244
248
249
Other payments deduction
(if you reported income on line 147, see line 250 in the guide) 250
251
252
253
254
255
256
257
Line 236 minus line 257 (if negative, enter "0"). This is your taxable income. 260 229,642 00
Protected B when completed 4
Attach only the documents (schedules, information slips, forms, or receipts) requested in the
guide to support any claim or deduction. Keep all other supporting documents.
Step 3 - Net income
Enter your total income from line 150
Pension adjustment
(box 52 of all T4 slips and box 034 of all T4A slips)
Registered pension plan deduction (box 20 of all T4 slips and box 032 of all T4A slips)
RRSP and pooled registered pension plan (PRPP) deduction
(see Schedule 7 and attach receipts)
PRPP employer contributions
(amount from your PRPP contribution receipts)
Child care expenses (attach Form T778)
Disability supports deduction
Moving expenses
Carrying charges and interest expenses (attach Schedule 4)
Exploration and development expenses (attach Form T1229)
Other employment expenses
Clergy residence deduction
Other deductions Specify:
Add lines 207, 208, 210 to 224, 229, 231, and 232.
Line 150 minus line 233 (if negative, enter "0"). This is your net income before adjustments.
Step 4 - Taxable income
Canadian Forces personnel and police deduction (box 43 of all T4 slips)
Employee home relocation loan deduction (box 37 of all T4 slips)
Security options deductions
Limited partnership losses of other years
Non-capital losses of other years
Net capital losses of other years
Capital gains deduction
Northern residents deductions (attach Form T2222)
Additional deductions Specify:
Add lines 244 to 256.
Step 5 - Federal tax and provincial or territorial tax
Use Schedule 1 to calculate your federal tax and Form 428 to calculate your provincial or territorial tax.

TRIAL VERSION
Doode, James SIN: 527 000 145 Printed: 2019/07/31 12:37
420 47,255 54
CPP contributions payable on self-employment and other earnings
(attach Schedule 8 or Form RC381, whichever applies) 421 5,128 20
430
422
Provincial or territorial tax (attach Form 428, even if the result is "0") 428 29,075 88
Add lines 420, 421, 430, 422 and 428. This is your total payable. 435 81,459 62
437
440
448
450
452
453
454
456
Employee and partner GST/HST rebate (attach Form GST370) 457
468 15 00
Eligible educator school
supply tax credit Supplies expenses X % = 469
476 24,000 00
Provincial or territorial credits (attach Form 479 if it applies) 479
Add lines 437 to 479. These are your total credits. 482 24,000 00 24,000 00
Line 435 minus line 482 This is your refund or balance owing. 57,459 62
484 485 57,459 62
Pre-Authorized Debits (PAD)
Pre-Authorized Debits (PAD) service allows you to submit a payment to the CRA electronically on behalf of a taxpayer. Only Payment on Filing (POF) for
the Current tax year will be allowed to create PAD agreement through T1 Efilers. To set up PAD, go to T1PAD.
460 _____ 461 462 ____________
Direct deposit - Enrol or update (see line 484 in the guide)
You do not have to complete this area every year. Do not complete it this year if your direct deposit information has not changed.
To enrol for direct deposit, to update your banking information, or to request that all of your CRA payments you may be receiving or owed be
deposited into the same account as your T1 refund, complete lines 460, 461, and 462 below.
By providing my banking information I authorize the Receiver General to deposit in the bank account number shown below any amounts
payable to me by the CRA, until otherwise notified by me. I understand that this authorization will replace all of my previous direct deposit
authorizations.
Branch Institution
number number Account number
(5 digits) (3 digits) (maximum 12 digits)
Ontario Opportunities Fund
You can help reduce Ontario's debt by completing this area to
donate some or all of your 2017 refund to the Ontario Opportunities
Fund. Please see the provincial pages for details.
Your donation to the Ontario Opportunities
Fund
465
466
Amount from line 484 above 1
2
Net refund (line 1 minus line 2) 3
(___) ___-____ 2019-07-31
I certify that the information given on this return and in any documents attached
is correct and complete and fully discloses all my income.
Sign here
It is a serious offence to make a false return.
Telephone Date
490 X
(___) ___-____
If a fee was charged for preparing this
return, complete the following:
Name of preparer:
Telephone:
EFILE number (if applicable): 489
Do not use
this area 487 488 486
Protected B when completed 5
Step 6 - Refund or Balance owing
Net federal tax: enter the amount from line 62 of Schedule 1 (attach Schedule 1, even if the result is "0")
Employment Insurance premiums payable on self-employment and other eligible earnings (attach Schedule 13)
Social benefits repayment (amount from line 235)
Total income tax deducted
Refundable Québec abatement
CPP overpayment (enter your excess contributions)
Employment Insurance overpayment (enter your excess contributions)
Refundable medical expense supplement (use the federal worksheet)
Working Income Tax Benefit (WITB) (attach Schedule 6)
Refund of investment tax credit (attach Form T2038(IND))
Part XII.2 trust tax credit (box 38 of all T3 slips and box 209 of all T5013 slips)
Tax paid by instalments
If the result is negative, you have a refund. If the result is positive, you have a balance owing.
Enter the amount below on whichever line applies.
Generally, we do not charge or refund a difference of $2 or less.
Refund Balance owing
For more information on how to make your payment, see line 485 in the guide or go
to Canada.ca/payments. Your payment is due no later than April 30, 2018.
Personal information is collected under the Income Tax Act to administer tax, benefits, and related programs. It may also be used for any purpose
related to the administration or enforcement of the Act such as audit, compliance and the payment of debts owed to the Crown. It may be shared or
verified with other federal, provincial/territorial government institutions to the extent authorized by law. Failure to provide this information may result in
interest payable, penalties or other actions. Under the Privacy Act, individuals have the right to access their personal information and request correction
if there are errors or omissions. Refer to Info Source Canada.ca/cra-info-source, personal information bank CRA PPU 005.
RC-17-148