60.1K
Verified Solution
Link Copied!
Please help i'm confused on a few points! Thank you!!!
Naya Patel is working on her income taxes for 2022. The May 1 filing date is fast approaching.
Naya received the following T4 slip from her employer for her part-time job.
*Box 85 refers to the medical insurance premium that Naya paid for her group plan at work.
In addition, Naya received the following T5 slip relating to a non-registered investment:
Naya contributed $500 each to her RRSP and TFSA in 2022.
Naya also paid the last 12 monthly instalments on her $10,000 student loan. The loan had a term of 5 years at a rate of 6%, compounded monthly.
Her total income for 2022 is $15,476.82
- Is Naya eligible to claim the Canada Employment amount?
- How much of a non-refundable tax credit of $2,719.96 can Naya claim on her 2022 return for the interest on her student loan?
27 Fuetys uervar Deviler ispanotied. Tranne - Fuocures 25 For informatien, son the beck. Pour obtonir dos rensoignemonts, T5 (222)
Answer & Explanation
Solved by verified expert
