Question

Case 3 - TD1 & TD1-WS (10 Marks) Jesse James, age 68, receives $47,000 per annum from private pension income due to his past tenure with Brewers Limited and currently earns $29,725/year working part-time for Home Depot. Jesse has decided to defer his CPP income until he reaches the age of 70, so he is presently making CPP contributions through employment. His wife Stacey, age 57 earned $9,400 this year walking dogs and takes care of their impaired child Melanie, age 29, whom they support in a local group home. (Note: Melanie qualifies for a T2201 Disability Certificate). Melanie earned $18,700 this year, helping out at the corner bakery. She has also been taking part-time courses at a local college and paid $1,250 in tuition. a) Using a 2019 TDI & TD1-WS, determine what Federal Claim Code Jesse James would fall under given the above details.

Answer 1

a.

Particulars	Amount
Pension Income	$47,000
Part Time salary - James	$29,725
Part Time salary - Stacey	$9,400
Crockery Income	$18,700
Part Time salary - Teaching	$1,250
Total	$1,06,075
Applicable Rate	15%
Partial Cliams	$15,911

b.

I	Federal Income Tax	22%	$23,337
II	CPP	34%	$15,980
III	EI	3%	$1,490