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Brent Wells is single and lives alone. During 2021 he earned employment income of $61,600. His employer contributed $890 towards Employment Insurance and $3,166 towards Canada Pension Plan that excludes CPP enhanced contributions. CPP enhanced contributions are $290. Brent bought shares of TD Bank, a public company ten years back which were worth $10,000 at that time and are worth $12,500 now. He donated TD Bank shares this year to Sick Children’s Hospital. He also received dividends from these TD bank shares worth $1,350 during the year.
Determine Brent’s federal tax payable for 2021. Show all steps and all detailed calculations. Yearly basic exemption is $3,500