question archive Ontario Disability Support Program

Ontario Disability Support Program

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Ontario Disability Support Program. His SIN is 527-000-947. Forms T2201 have already been filed with CRA in previous years for both Susan and Rick and their condition has not changed since. During 2018, James received $20,000 of eligible dividends on shares he owns of the Great Bank of Canada, a Canadian public company - see the T5 slip James received from the bank (box 24) for 2018. No income tax was withheld on that dividend. James and Susan also earned interest income for a total of $9,000 during 2018 from a joint investment account - see the T5 slip James and Susan received from the bank (box 13) as co-owners. No income tax was withheld on that income either. During the year 2018, James met with a financial planner to obtain investment advice on how to maximize his investment income. Fees of $3,000 were paid by James in 2018 to the financial planner. Following the advice obtained, James sold 1,500 shares of the Great Bank (a publicly traded company) that he had acquired over the last 10 years with an average cost of $35.00 per share. The shares were sold on June 1, 2018 at a price of $68.00 per share, on which a 1% commission was paid to a broker. Rental Activities James and Susan acquired jointly a rental property during 2018. The property was acquired on February 1, 2018 and immediately leased for a 2-year period. Below is the information relating to that property for 2018, which is shared equally between James and Susan (50% each): Address: 121 Main Street, Anytown, ON (co-owned by James and Susan equally, 50% each) Cost of property purchased: $295,000 of which $45,000 was for the land. Cost of additions made to the building in 2018: $80,000.

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