AFM 206 · Personal Taxation
T1 assignment, marked instantly.
Upload your completed answer key and confirm the rubric. Penny will read each submission line-by-line against your model return and deliver feedback that mirrors how a TA would mark it.
Answer key
The completed T1 Penny will benchmark against
AFM206_AssignmentB_AnswerKey.pdf
Taxpayer profile
ON resident · employment + self-employment
Schedules expected
S1, S7, S11, T2125, ON428
Slips embedded
T4 × 2, T4A, T5, T5008, T2202
Final refund
$2,847.00
Detected difficulty
Medium · 9 graded sections
Marking rubric
Penny applies these weights to every submission
Total points
0
Income & T-slip reporting
0 pts
T4 — Employment income
T4A — Pension / scholarship
T5 — Investment income
T5008 — Securities (Sch 3)
Deductions
0 pts
RRSP — Schedule 7
Union / professional dues
Child care — T778
Moving expenses — T1-M
Non-refundable credits
0 pts
Tuition — Schedule 11
Charitable donations
Medical expenses
Disability / caregiver
Self-employment & rental
0 pts
Business income — T2125
Rental income — T776
Calculations & final tax
0 pts
Federal tax — Schedule 1
Provincial tax — ON428
Refund / balance owing
Presentation & completeness
0 pts
All applicable schedules attached
Signatures, dates, formatting
T1 Personal Tax Return — Assignment B
Drop your completed T1 PDF here
or click to browse · PDF only · max 25 MB
By submitting you confirm this is your own work in line with the SAF academic integrity policy. Penny grades against the answer key uploaded by your instructor.
P
Penny is reading your return…
Roughly 20 seconds. You can close this tab — we'll email you when it's marked.
Parsing PDF, identifying schedules
~3s
Extracting T-slip values & line items
~4s
Comparing against instructor answer key
~6s
Applying rubric weights & calculating grade
~4s
Drafting personalized feedback
~3s
Final grade
78 / 100
B+
Rubric breakdown
By category
Income & T-slip reporting
20 / 25
Deductions
18 / 20
Non-refundable credits
13 / 20
Self-employment & rental
13 / 15
Calculations & final tax
7 / 10
Presentation & completeness
7 / 10
Where you excelled
- Clean T4 reporting. Both employment slips correctly aggregated on Line 10100, with CPP and EI overpayments flagged on Line 30800 and Line 31200. Box 40 taxable benefit also properly added back. Line 10100
- RRSP deduction calculated to the dollar. Schedule 7 deduction limit, undeducted contributions, and current-year deduction all match the answer key. Strong use of Part B reconciliation. Schedule 7
- T2125 CCA schedule handled well. Class 50 half-year rule applied correctly to the laptop purchase; UCC reconciliation matched the answer key. T2125 — Area A
Needs improvement
- Tuition transfer miscalculated (−5). You transferred $5,000 of tuition to a parent, but only the unused current-year amount qualifies for transfer. The answer key transfers $3,840 with the balance carried forward on Line 32300. Review S11 Part B before final exam. Schedule 11
- Ontario surtax omitted (−3). ON428 Line 40 surtax was not applied. Net Ontario tax exceeded $5,710, triggering the 20% surtax — a recurring stumbling block for this cohort. ON428 · Line 40
- Donation tax credit applied at flat rate (−2). You used 15% on the entire $850 donation. Above $200 the credit becomes 29% federally — split calculation required on Schedule 9. Schedule 9
Missed entirely
- T5008 partial disposition not reported (−5). The case gave a $4,200 partial disposition of Shopify shares. Schedule 3 was left blank and the resulting taxable capital gain ($2,100) is missing from Line 12700. Schedule 3
- T776 worksheet not attached (−2). Net rental income of $3,840 appears on Line 12600, but the supporting T776 was not included in the submission package. T776
AFM 206 · Assignment B
Class results, at a glance.
Here you will be able to view your entire class, open each of their submissions, override and publish grades as needed.
Class average
74.3 / 100
+2.1 vs. last cohort
Median
72
Class of 52 students
Marked
47 / 52
5 pending submission
Time to mark
17 min
vs. ~14 hrs manual
| Student | Student ID | Status | Grade | ||
|---|---|---|---|---|---|
PC Priya Chen |
21834051 | pchen2@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
MS Marcus Singh |
21945112 | m4singh@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
EO Emma O'Sullivan |
21789403 | eosulliv@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
RP Ravi Patel |
21902384 | r3patel@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
SK Sophie Kowalski |
21856772 | skowalsk@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
JD John Doe |
21888412 | jdoe@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
DA Daniela Arias |
21934821 | darias@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
LT Liam Tremblay |
21822091 | l2trembl@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
HN Hannah Nguyen |
21947712 | h5nguyen@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
JM James MacDonald |
21809552 | jmacdona@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
AR Amira Rahman |
21922304 | a4rahman@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
TG Tom Gallagher |
21856104 | tgallagh@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
YL Yuki Lin |
21899223 | y3lin@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
NF Nathan Foster |
21813398 | n2foster@uwaterloo.ca | Graded | / 100Edited |
Open Submission |
KP Kiera Park |
21944817 | k4park@uwaterloo.ca | Not submitted | — | Send reminder |