Accounting Problem: Loss Carry Overs for Canadian Taxes Yvonne’s problem is to calculate net income

Accounting Problem: Loss Carry Overs for Canadian Taxes

Yvonne’s problem is to calculate net income for canadian tax
purposes (B)

employment income 64,000

interest income 2,600

rental income 4,560

partnership loss 144,940 (50% )

dispositions taxable capital gain 32,420, allowable taxable
losses 29,375

deductable contributions 12,480 paid to rrsp

indicate the amount and type of any loss carry overs that
would be available at the end of the current year

"Is this question part of your assignment? We can help"

ORDER NOW