{br} STUCK with your assignment? {br} When is it due? {br} Get FREE assistance. Page Title: {title}{br} Page URL: {url}
UK: +44 748 007-0908, USA: +1 917 810-5386 [email protected]

Case 2
It is March of 2021 and Clayton and Shaleen Miller have come to discuss their tax situation with you. They predict that Clayton will not have to pay taxes for the 2020 year, which they believe will allow Shaleen to claim the non-refundable tax credit of ‘spouse credit’. They have provided you with the following information, including the statements from their companies (Exhibits I and II) which they have prepared themselves but are not sure if they are correct. Shaleen is the sole shareholder Windy Co.

Shaleen, Clayton, and family
• Shaleen and Clayton have been married for ten years. They are both 39 years old, and they have three children under the age of five. The children attended daycare four mornings a week during 2020 while their parents worked. The total cost of the daycare for all three children was $2,300. Shaleen and Clayton receive the monthly Canada child benefit for each child.

Shaleen
• Shaleen earns a pre-tax salary of $65,000 per year from Windy.
• Shaleen received the following benefits from Windy in 2020:
• Private health and dental care: $400
• Life insurance: $500
• $2,000 worth of products at cost
• Registered pension plan (RPP) contributions: $3,000.
• Windy also deducted $3,000 from Shaleen’s salary for the RPP.
• Shaleen contributed $2,000 to an RRSP for the 2020 taxation year (which is within the allowable limit).
Clayton
• Clayton began part-time employment at Fitness Inc. in 2020, and earned a gross salary of $15,000, and did not have any employment income in 2019.
• Clayton received free use of the owner’s cottage for two weeks in May, which is typically rented out for $500 per week.
• Clayton began a small home-based proprietorship – “Clayton’s Consulting” in 2019- which generated $250 a month in pre-tax profits in 2020. The business operates from a 200 square foot room in the family’s 2000 square foot home, and is used exclusively for the business.
• Clayton did not file a tax return in 2019 since no taxes were owing.
• Clayton contributed $4,000 to a TFSA in 2020.
• More on Clayton Consulting in Exhibit 1 below:
Exhibit I – Clayton’s Consulting
Note 1: All of the administrative expenses are compliant with the rules of the Income Tax Act.
Note 2: Work space expenses represent ten percent of Clayton and Shaleen’s housing costs. The total housing costs include utilities of $2,400, mortgage interest of $8,400, property taxes of $2,500, and home insurance of $1,200. (The business has met the conditions necessary to allow for the deduction of home-based business expenses.)
Required:
A. Prepare detailed calculations (in accordance with the statutory formula of S.3 of the Income Tax Act) to determine the taxable income & Tax for both Shaleen and Clayton for 2020 (40 marks).
B. Determine if Shaleen will be able to claim the non-refundable ‘spouse credit’ for the 2020 taxation year? (10 marks)

 

Sample Answer

Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.

Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.

This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.

To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.

It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.

Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>

Our customer support team is here to answer your questions. Ask us anything!