Is required to make instalment payments

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Problem 1: During the year, Emerson has a net employment income of $123,480, in- terest income of $4622,taxable capital gain of $24246. He has allowable capital losses of $4835. He has deductible child care costs of $9372. Calculate the net income.

Problem 2: John Doe,a resident of Ontario has a net tax owing for 2014 of $3200, net tax owing for 2015 of $1250 and the net tax owing for 2016 is expected to be $4500. Is he required to make instalment payments? if yes? how much and at what date(S)?

Reference no: EM132670827

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