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PLEASE ANS ASAP Moving & Child Care Expense Deductions [10 marks ; approx. 20 mins ] Taylor and Jordan are married and have three children,
PLEASE ANS ASAP
Moving & Child Care Expense Deductions [10 marks ; approx. 20 mins ] Taylor and Jordan are married and have three children, ages three, five and six years old In 2020. Taylor eamed $ 80,000 from employment , and Jordan earned $ 100,000 as a consultant. Taylor received 7,000 in spousal support from their former spouse. On January 4, 2020, the family moved from CalgaryAlberta , to Mississauga , Ontario, so that Taylor could accept a new position Jordan continued the consulting business in Mississauga . The following expenses were incurred as a result of the move MOVING EXPENSES : Return airfare for trip to locate new living space in Mississauga 2.000 Airfare for five persons on move to Mississauga 3.000 Hotel and meals in Mississauga for 18 days while waiting for completion of construction of the new home Meals (not all receipts kept ) 2.100 Hotel (receipts ) 2,700 Repairs in respect of disposition of old home 3,000 Interior decorating of new home 4.000 fees and commissions in respect of disposition of old home 5 000 Legal fees and land transfer tax on acquisition of new home 1,500 Cost of transporting household goods 6.000 $ CHILD CARE EXPENSES : The couple employ a full-time nanny at a salary of 11,000 year to take care of their three children while they work They also paid overnight camp of $ 2,000 for the 6 year old to attend three weeks overnight camp REQUIRED (show all details & calculations ) Part [ACalculate Moving Expense deduction ) Part B the Child Care Expense deduction 15 marks ) NOTE :
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