Taxpayer Information:

Taxpayer #$1$

Name: Emily Jarvis

SIN:

$805127107$

DOB:

June $1,1999$

Marital status: Married

Address:

$17$ Park Place, Your City, YP$,$ X$0$X $0$X$0$

Phone number:

$($XXX$)549-7878$

Email address:

e$\_$burns$1999$@igotmail.ca

Taxpayer #$2$

Name: Jacob Jarvis

SIN:

$835127101$

DOB:

March $31,1999$

Emily and Jacob met in university and married in $2021.$

Emily has always been active in her local community, politics, and recently started investing. Emily completed her three$-$year program in $2021,$ and found employment full$-$time at ABC Corp. in the fall of $2021.$ She continues to work for ABC Corp. and was promoted to Assistant Manager in the summer of $2022.$

Jacob did not continue his education after the onset of the pandemic in $2020.$ However, he was able to retain full$-$time employment at a local restaurant in $2022.$ He earned $$17,000$ in employment income $($box $14$ on his T$4),$ $$9,000$ in tips, and some interest income from a joint bank account with Emily. Jacob has no other income, and has already filed his return, with net$/$taxable income of $$26,052\mathrm{.}50$ reported. Jacob owes the CRA $$1,200\mathrm{.}00,$ which he has not yet paid.

In April of $2022,$ Emily and Jacob bought a home at $17$ Park Place in Your City for $$225,000.$ Up until then, they lived in a small apartment. The distance from their old apartment to the new house is $25$ km$.$ Emily and Jacob have never owned a home. They are excited about their new home, and have provided the following receipts as part of their purchase:

$$12,500$ in legal and real estate fees;

$$5,000$ in new furniture; and

$$2,000$ in moving expenses.

They would like to write$-$off the above expenses, and would like to equally split any tax credit for the purchase of the home.

Emily has a bank account with Koho which pays her interest. She did not receive anything from Koho, but was able to total up $$81\mathrm{.}11$ in interest received throughout $2022.$ Also, Emily received income on a T$3$ slip from a trust that was set up by her parents. At the onset of the pandemic in $2020,$ Emily and Jacob opened a joint bank account at Toronto Dominion. They agreed to deposit $$100$ each weekly, which they have continued since then. They received a T$5$ with interest income.

Just before Emily graduated in $2021,$ she inherited a bank account in the US with a balance of $$120,000$ USD from her grandmother. At that time, the exchange rate was $1\mathrm{.}2535.$ She neither contributed, nor withdrew any amounts from this account, and wants to save this money for her future children. According to her $2022$ bank statements, the account had a balance of $$124,500$ USD on January $1$st$,$ and $$127,000$ USD on December $31$st$.$ The bank statements also show that the only credits in this account are for monthly interest payments. For $2022,$ the annual average exchange rate was $1\mathrm{.}3013.$ Emily is not a US Citizen, and is not required to file a US return.

In late $2021,$ Emily bought $10$ shares of Metro Inc. Emily received four dividend payments in $2022,$ each payment being $$2\mathrm{.}75,$ for a total of $$11\mathrm{.}00$ in the year. She did not receive a slip for this income, and Metro Inc. issues eligible dividends. Emily still has these shares and does not planning on selling them in the near future. She also has a $$25$ receipt for management fees.

Emily always donates $$500$ each Christmas to the local Soup Kitchen. She want to claim the donation each year, as she is certain she would misplace the receipt. She has the official receipt and would like to claim it on her return this year to avoid the inconvenience of keeping it for a future year. Emily also has an official $$100$ political contribution receipt to the federal Conservative Party, which she also wants to claim on her return.

Emily's T$4$ and other information slips are reproduced below. Last year Emily received a tax refund of $$900$ on July $7,2022,$ which included $$3\mathrm{.}25$ refund interest.