Reference no: EM133127428
Question - Susie earns $85,000 in employment income during 2017. She has been happily married to her spouse, Joe, for many years. Joe is 40 years old and is disabled. He has a T2201 on file and qualifies for the disability tax credit. During the 2017 year, Joe only had employment income (details below):
Employment Income $23,500
EI Deducted $347
CPP Deducted $881
Income Tax Withheld $2,130
Net Cash from Employment $20,142
Joe attended SaskPolytech in 2017 and paid tuition in the amount of $5,510.
Joe had unused federal tuition tax credits from his 2016 Notice of Assessment in the amount of $0.
Required - Susie has asked you to complete her Schedule 2 to determine the amount of tax credits that can be transferred from Joe to Susie. Assume Joe wishes to transfer any tax credit he can to Susie. In other words, prepare Susie's Schedule 2 and complete all supporting schedules (such as any schedules for Joe) needed to determine the amounts on Schedule 2.
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