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During 2019, Ms

Sociology Mar 28, 2022

During 2019, Ms. Rhonda Richards receives $2,500 in eligible dividends from taxable Canadian corporations. She receives $10,000 in non-eligible dividends from taxable Canadian corporations. She also receives $12,000 of interest income. Ms. Rhonda Richards also has a rental property. She decides not to take any CCA on this rental property. Rents for the year total $88,000. Rental expenses include: utilities $6,000, repairs $2,000, and water $1,000. This is all of Rhonda's income for the year. Determine Rhonda's 2019 division B income. 

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