Determine minimum federal tax payable

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Mr. William Norris is 45 years old. The following five independent Cases make varying assumptions for the 2019 taxation year with respect to Mr. Norris' marital status and number of dependants. In all Cases, Mr. Norris earned employment income of $60,000 and his employer withheld the required EI premiums and CPP contributions.

Case : Mr. Norris is married and his wife, Susan, has Net Income for Tax Purposes of $4,500. They have a son, Allen, who is 19 years old and lives at home. He attends university on a full times basis during 8 months of the year. Mr. Norris pays $9,000 for Allen's tuition and $900 for required textbooks. Allen had employment income during the summer months of $2,200. He will transfer any unused credits to his father.

Question 1: Calculate Mr. Norris' minimum federal Tax Payable for 2019. Indicate any carry forwards available to him and his dependants and the carry forward provisions. Ignore any tax amounts that Mr. Norris might have withheld or paid in instalments.

 

Reference no: EM132460081

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