Your neighbor,Mrs.White,has heard that you are studying personal tax.She has come to you with her financial information for 20XX.In 20XX,Mrs.White had employment income of $40,000,property income of $3,000,a business loss of $22,000,an allowable business investment loss of $5,000,income from an RRSP withdrawal of $2,000,and a capital loss of $40,000 on the sale of shares in a public corporation.
Mrs.White hopes that her losses will result in a net income for tax purposes of $0.
Required:

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The Answer of Your neighbor,Mrs.White,has heard that you are studying personal tax.She has come to you with her financial information for 20XX.In 20XX,Mrs.White had employment income of $40,000,property income of $3,000,a business loss of $22,000,an allowable business investment loss of $5,000,income from an RRSP withdrawal of $2,000,and a capital loss of $40,000 on the sale of shares in a public corporation.
Mrs.White hopes that her losses will result in a net income for tax purposes of $0.
Required:

Your Neighbor,Mrs