John Trask is 67 years old and his spouse is 66 years old. He has Net Income For Tax Purposes of $63,200, largely from various pension funds. His spouse has no income of her own as she is not eligible for OAS payments. During 2020, his spouse attended university on a full time basis. Her tuition fees for the attendance were $8,200 and, in addition, she spent $800 on textbooks. Determine John's maximum tax credits for 2020. Ignore the possibility of splitting his pension income with his spouse.

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The Answer of John Trask is 67 years old and his spouse is 66 years old. He has Net Income For Tax Purposes of $63,200, largely from various pension funds. His spouse has no income of her own as she is not eligible for OAS payments. During 2020, his spouse attended university on a full time basis. Her tuition fees for the attendance were $8,200 and, in addition, she spent $800 on textbooks. Determine John's maximum tax credits for 2020. Ignore the possibility of splitting his pension income with his spouse.

John Trask Is 67 Years Old and His Spouse Is