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Question Please provide instructions on how to solve this on Profile app…. Please provide instructions on how to solve this on Profile app. Please provide step-by-step guidance Mr. Slim Trim (SIN 527-000-061) is a married, Accountant living in Markham, Ontario.His wife, Mrs. Hemi Trim (SIN 527-000-129) works as a part time school assistant and had totalincome of $2,800 for 2021. [INFO]They have been your clients for many years. They are currently living at 444 ZZZ-Top Street inMarkham, ON L4H 5B9. Their home phone number is (905) 111-1111. [INFO]Title Mr. Mrs.First Name Slim HemiLast Name Trim TrimSIN 527-000-061 527-000-129Date of birth (Y/M/D) 1969-02-28 1971-04-30Marital Status Married MarriedCanadian Citizen? Yes YesProvide Information to Elections Canada? Yes YesOwn Foreign Property of More than $100,000Canadian?No NoSlim brings you the following receipts and documents:1. T4 slip for Slim (see slip below for details. [T4 slip]2. T5 Statement of Investment Income issued by the bank for their joint account 50% each (see slipbelow for details. [T5 slip]3. A T2202A “Tuition and Enrollment Certificate” for himself from SRED College. It showed he was apart time student for 9 months and paid $1,250 in tuition for 2021. [T2202]4. Two charitable donation receipts. One in Slim’s name for $975 from the Canadian Health Federationdated November 15, 2021. A second receipt in Hemi’s name for $125 from CCNB dated December 3,2021. [Donations]5. A statement from the Dentist “R” US Dental Clinic that Slim paid a total of $1,450 during 2021. Thisconsisted of $750 for himself on November 23, and $700 for Hemi on December 15. [Medical]6. A T2202A “Tuition And Enrollment Certificate” for their 18 year old daughter Niece Trim from theUniversity of OFTC (B. Education program). It showed she was a full-time student for 4 months andpaid $3,200 in tuition for 2021. Niece had income of $2,500 and has signed the tuition transferdeclaration to transfer the maximum amount to her dad. [Tuition transfer]7. Slim owns a residential rental property at 786 JJJWay Avenue, Scarborough, ON M2W 1Y5. Nocapital additions or any CCA claims were made since the building’s acquisition in 2018. The financialinformation for the property, for the year ended December 31, 2021, is as follows [T776]:Rental income $18,000Mortgage interest $4,500Maintenance and repairs $2,150Management and administration fees $1,800Property taxes $3,200Total expenses $11,650Net Income before amortization $ 6,3508. Mr. Slim’s mother, Eunice, was born on April 10, 1944, and lives with Mr. Slim and his wife. Hismother has some physical infirmity from a stroke and depends on Slim and Hemi for caregiversupport. She does not qualify for Disability Tax credit. Eunice had net income of $4,500 for the year.In previous years Slim has claimed the Canada Caregiver amount for his mother [Schedule 5]Required:Prepare the 2021 income tax return for Slim Trim using the ProFile tax softwareprogram.Submission Instructions:Submit your assignment on eCentennial under “Assignments-TSC Test”. Yoursubmission should include:1) The entire ProFile computer file (the file extension that ends .21T; for examplePKumar.21T), and2) Save the following completed forms from ProFile in PDF format andsubmit for marking: T1 Jacket & T1 Summary       Image transcription textClear Data Employer’s name – Nom del’employeur Canada Revenue Agencedu revenu Agency du Can… Show more… Show moreImage transcription textCanada Revenue Agence du revenu T5Statement of Investment Income YearProtected B / Protege B … Show more… Show more  Law Social Science Tax law ACCT 226 Share QuestionEmailCopy link Comments (0)