Determine the maximum amount of personal tax credits

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Reference no: EM132833737

Problem - Sarah Pale is 67 years old and has a Net Income For Tax Purposes of $52,500. This total is made up of OAS payments and pension income from her former employer. Her husband is 62 years old and has a Net Income For Tax Purposes of $4,840. Determine the maximum amount of 2019 personal tax credits, including transfers from a spouse or dependant, that can be applied against federal Tax Payable by the taxpayer. A calculation of Tax Payable is NOT required, only the applicable credits.

Reference no: EM132833737

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