720 1,910 575 Registered education savings plan payments 2019 ($60 per month) Tuition fees for 4 months part-time at a local University Payment on cancellation of lease for Waterloo apartment Security deposit on apartment in Dundas Gasoline and direct car expenses incurred in move to Dundas (72 km) Trailer rental for move to Dundas (including one-way drop-off fee of $75) 475 20 190 2,600 180 Cost of shipping remainder of household effects (including packing and unpacking fees of $1,500) Cost of hotel ($125) and meals ($55) in Hamilton while awaiting delivery and unpacking of household effects (one day) Payment to babysitter for care of both children after school (38 weeks @ $100 per week) and during school holidays (8 weeks @ $500 per week) Summer camp for children (4 weeks @ $300 per week) 7,800 $1,200 each Required: Calculate: (A) Net income for tax purposes for Ms. Haddie in 2019; Ms. Haddie comes to you for advice in February 2020. Last year, 2019 was a year of considerable change and turmoil for her. Her job in Waterloo, with Takeover Ltd., evaporated on March 31, 2019, as a result of a reorganization of the company's business after a merger with a competitor. She found another job in Dundas (an improvement), but it required her to move there. Her divorce from her former husband became final during 2017. Ms. Haddie, who was already a single parent of a nine-year-old daughter, decided to adopt a five-year-old child locally on May 1st of 2019. By June 2019, after completing her move to her new job, the adoption was finalized. The court costs, legal cost, and administrative costs were $16,000. $94,000 4,850 Other information on receipts and benefits: Salary earned in 2019 ($40,000 in Waterloo, $54,000 in Dundas) Profit from sale of cosmetics at home parties held in spare time Interest on Canada Savings Bonds Spousal support pursuant to divorce agreement ($600 per month for her support and $450 per month for the support of her daughter, age 9) Moving allowance 1,725 12,600 4,500 Disbursements and withholdings: Employment Insurance premium withheld Canada Pension Plan contributions withheld 860 2,749 Union dues 500 (4,800) Net rental loss (for tax purposes) on investment property Registered retirement savings plan contributions, made on February 14, 2020 (2018 earned income was $127,000) Registered education savings plan payments 2019 ($60 per month) 26,500 720 Required: Calculate: (A) Net income for tax purposes for Ms. Haddie in 2019; (B) taxable income for 2019 and federal taxes payable for 2019. Provide explanation for all items omitted and show all calculations whether or not necessary to the final answer. Also provide any tax advice on RRSP. 720 1,910 575 Registered education savings plan payments 2019 ($60 per month) Tuition fees for 4 months part-time at a local University Payment on cancellation of lease for Waterloo apartment Security deposit on apartment in Dundas Gasoline and direct car expenses incurred in move to Dundas (72 km) Trailer rental for move to Dundas (including one-way drop-off fee of $75) 475 20 190 2,600 180 Cost of shipping remainder of household effects (including packing and unpacking fees of $1,500) Cost of hotel ($125) and meals ($55) in Hamilton while awaiting delivery and unpacking of household effects (one day) Payment to babysitter for care of both children after school (38 weeks @ $100 per week) and during school holidays (8 weeks @ $500 per week) Summer camp for children (4 weeks @ $300 per week) 7,800 $1,200 each Required: Calculate: (A) Net income for tax purposes for Ms. Haddie in 2019; Ms. Haddie comes to you for advice in February 2020. Last year, 2019 was a year of considerable change and turmoil for her. Her job in Waterloo, with Takeover Ltd., evaporated on March 31, 2019, as a result of a reorganization of the company's business after a merger with a competitor. She found another job in Dundas (an improvement), but it required her to move there. Her divorce from her former husband became final during 2017. Ms. Haddie, who was already a single parent of a nine-year-old daughter, decided to adopt a five-year-old child locally on May 1st of 2019. By June 2019, after completing her move to her new job, the adoption was finalized. The court costs, legal cost, and administrative costs were $16,000. $94,000 4,850 Other information on receipts and benefits: Salary earned in 2019 ($40,000 in Waterloo, $54,000 in Dundas) Profit from sale of cosmetics at home parties held in spare time Interest on Canada Savings Bonds Spousal support pursuant to divorce agreement ($600 per month for her support and $450 per month for the support of her daughter, age 9) Moving allowance 1,725 12,600 4,500 Disbursements and withholdings: Employment Insurance premium withheld Canada Pension Plan contributions withheld 860 2,749 Union dues 500 (4,800) Net rental loss (for tax purposes) on investment property Registered retirement savings plan contributions, made on February 14, 2020 (2018 earned income was $127,000) Registered education savings plan payments 2019 ($60 per month) 26,500 720 Required: Calculate: (A) Net income for tax purposes for Ms. Haddie in 2019; (B) taxable income for 2019 and federal taxes payable for 2019. Provide explanation for all items omitted and show all calculations whether or not necessary to the final answer. Also provide any tax advice on RRSP