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You are provided with the following amounts for Wendy Riley for the current year: • Net employment income (ITA 5 to 8) = $70,

My answer is wrong.

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Answer #1

Ans. (B) $ 64620

Net Employment Income = $70,000

Interest Income = $ 7,700

Dividend = $ 1,420

Capital gain : $6100

Less: capital loss : $ 8100 = nil

( capital loss is set off against

Capital gain only balance c/f)

LESS : RSSP Deduction   = ($14500)

NET INCOME =    $64620

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