Moving Expense Checklist (Page 2 of 2) in pdf

Moving Expense

Are you Employed or Self - Employed?

If you are employed or self-employed, you can deduct eligible moving expenses from employment

or self-employment income you earn at the new location, including amounts received under the

Wage Earner Protection Program in respect to employment at the new work location.

If the moving expenses that you paid in the year of the move are more than the net eligible

income, see Form T1-M line 19, earned at the new location in that same year, you can carry

forward and deduct the unused part of these expenses from the employment or self-employment

income earned at the new location in the following years. You cannot deduct your moving

expenses from any other type of income, such as investment income or Employment Insurance

Benefits, even if you receive this income at the new location.

Did you receive a reimbursement or an allowance?

Did you receive a reimbursement or an allowance for eligible moving expenses; see expenses below,

which are not included in your income? If yes, you can only deduct moving expenses if you include the

amount you received in your income or if you reduce your moving expenses by the amount reimbursed.

You maybe asked to provide a letter from your employer stating that you were not reimbursed for the

moving expenses you are claiming.

Moving Expenses you can Deduct

Eligible Moving Expenses Include:

•

Transportation and Storage costs — such as packing, hauling, in-transit

storage, insurance for household effects, including items such as boats

and trailers.

Travel Expenses, including vehicle expenses, meals and

accommodation, to move you and members of your household to your

new residence.

Costs for up to 15 days for meals and temporary accommodation near

either residence for you and members of your household.

Cost of cancelling a lease for your old residence, except any rental

payment for the period during which you occupied the residence.

When your old residence is sold as a result of your move, eligible

moving expenses also include:

•

Legal or notarial fees for the purchase of the new residence, as well as

any taxes paid, other than GST/HST or Property taxes for the transfer or

registration of title to the new residence. Provided you, your spouse or

common-law partner sold the old business.

•

Cost of selling your old residence, including advertising, notarial or legal

fees, real estate commission and mortgage penalty when the mortgage

is paid off before maturity.

Expenses after a year:

•

If you moved, and your moving expenses were paid in the year after the year of your

move, you can claim them on your return for the year you paid against employment or

self-employment income earned at the new location.

Incidental costs related to the move:

The cost of changing your address on legal documents, replacing driving licenses and

non-commercial vehicle permits - not including insurance and utility hook-ups and

disconnections.

Costs to maintain your old residence when vacant:

•

Can claim, to a maximum of $5000, the cost of interest, property taxes, insurance

premiums, heat and utilities expenses paid to maintain your old residence when it was

vacant after your move, and during a period when reasonable efforts were made to sell

the home.

•

Costs must have been incurred when your old residence was not ordinarily occupied by

you or any other person who ordinarily resided with you at the old residence just before

the move. You cannot deduct these costs during a period when the old residence was

rented.

Moving Expenses you cannot Deduct

•

Expenses to replace personal-use items such as tool sheds, firewood, drapes and

carpets;

•

Mail- forwarding costs, such as Canada Post;

•

Costs of transformers or adaptor for household appliances;

•

Costs incurred in the sale of your old home if you delayed selling for investment purposes

or until the real estate market improved.

•

Expenses to clean or repair a rented residence to meet the landlord's standards;

•

Generally, you cannot deduct the cost of moving a mobile home. However, if you have

personal effects in a mobile home when it is moved, you can deduct the amount it would

have cost to move those personal effects separately.

Gallo & Company Chartered Accountants

Expenses for work done to make your home more saleable;

•

Any loss from the sale of your home;

•

Expenses for house-hunting trips before you move;

•

The value of items movers refused to take, such as plants, frozen food,

ammunition, paint and clearing products;

•

Expenses for job hunting in another City, such as travel expenses;

Moving Expense Checklist Page 2

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