Individual T1 Tax Return 2017: ACC405N1A Case Assignment - Seneca

This document provides a solution to a T1 Income Tax and Benefit Return assignment for Seneca College's ACC405N1A course. The assignment involves filling out the T1 form, including the identification area, income entries, federal schedules, and provincial schedules (ON-428). It also requires completing other supporting schedules and showing clear workings and adjustments. The case focuses on Sue Brown, a full-time journalism student, and her 2017 tax situation, including tuition fees, scholarship income, summer earnings, and rent paid. The solution demonstrates the correct completion of the tax forms and schedules based on the provided information, ensuring compliance with Canadian tax regulations. Desklib offers a range of similar solved assignments and past papers to aid students in their studies.

Protected B when completed
Provincial Tuition and Education Amounts Schedule PE(S11)
T1 General – 2017
Only the student must complete this schedule and attach it to his or her return.
Prince Edward Island tuition and education amounts claimed by the student for 2017
1
Unused Prince Edward Island tuition and education amounts from
your 2016 notice of assessment or notice of reassessment (1)
5914 2Eligible tuition fees paid for 2017
Education amount for 2017: Use columns B and C of forms T2202A, TL11A,
TL11B, and TL11C. Only one claim per month (maximum 12 months). If you ticked
box 345 of your federal Schedule 11, read note (2).
5916 3
Enter the number of months from column B
(do not include any month that is also included in column C). × $120 = +
5918 4Enter the number of months from column C. × $400 = +
5Total 2017 tuition and education amountsAdd lines 2, 3, and 4. =
◄ +
6Total available tuition and education amountsAdd lines 1 and 5. =
7
Enter the amount of your taxable income from line 260 of your return if it is $31,984
or less. If your taxable income is more than $31,984, enter instead the result of the
following calculation: amount from line 40 of your Form PE428 divided by 9.8%.
8Total of lines 5804 to 5850 of your Form PE428 –
9Line 7 minus line 8 (if negative, enter "0") =
10
Unused P.E.I. tuition and education amounts claimed for 2017:
Enter the amount from line 1 or line 9, whichever is less. –
◄
11Line 9 minus line 10 =
12
2017 tuition and education amounts claimed for 2017:
Enter the amount from line 5 or line 11, whichever is less. +
13
Prince Edward Island tuition and education
amounts claimed by the student for 2017
Add lines 10 and 12.
Enter this amount on line 5856 of your Form PE428. =
Transfer/Carryforward of unused amount
14Amount from line 6
15Amount from line 13 –
16Total unused amountLine 14 minus line 15 =
If you are transferring an amount to another individual, continue on line 17.
Otherwise, enter the amount from line 16 on line 21.
17Enter the amount from line 5. (maximum $5,000)
18Amount from line 12 –
19Maximum transferableLine 17 minus line 18 (if negative, enter "0") =
You can transfer all or part of the amount on line 19 to your spouse or common-law partner, to his or her
parent or grandparent, or to your parent or grandparent. To do this, you have to designate the individual and
specify the provincial amount that you are transferring to him or her on Form T2202A, TL11A, TL11B, or
TL11C. Enter the amount on line 20 below.
Note: If you have a spouse or common-law partner, special rules may apply. Read line 5856 in the forms book.
5920 20Provincial amount transferredEnter the amount you are transferring (cannot be more than line 19). –
21Unused provincial amount available to carry forward to a future yearLine 16 minus line 20 =
The person claiming the transfer should not attach this schedule to his or her return.
See the privacy notice on your return.
(1) If you resided in another province or territory on December 31, 2016, you must determine which amount from your 2016 notice of
assessment or notice of reassessment to enter on line 1. If you resided in Quebec, use the federal tuition, education, and textbook
amounts. Otherwise, use the lesser of the provincial, territorial, and federal amounts.
(2) If you ticked box 345 of your federal Schedule 11, do not do the calculation on line 3. Instead, do the calculation on line 4 using the
number of months you entered in box 325 of your federal Schedule 11.
5002-S11
Clear Data Help
6,700.00
8 3,200.00
9,900.00 9,900.00
9,900.00
12,300.00
0.00
12,300.00
0.00 0.00
12,300.00
9,900.00
9,900.00
9,900.00
9,900.00
0.00
0.00