Understanding Moving Expense Deductions in Canada
If you’ve moved for work, business, or to attend full-time post-secondary education, you may be eligible to claim moving expenses on your Canadian tax return. The CRA allows deductions to help reduce your taxable income, provided you meet specific criteria.
🚚 Who Can Claim Moving Expenses? You can claim moving expenses if:
- You moved at least 40 km closer to your new work or school location
- The move is related to starting a new job, business, or attending full-time studies
💡 Eligible Deductions Include:
- Transportation and storage costs (e.g., movers, fuel, parking)
- Temporary living expenses for up to 15 days
- Cost of selling your old home and purchasing a new one
- Travel expenses (e.g., meals, accommodations)
✅ How Serving People Group Can Help Navigating moving expense claims can be complex. Let Serving People Group guide you through the process to ensure you maximize your deductions and stay compliant.
👉 Get Expert Tax Assistance Today! Don’t miss out on valuable deductions. Contact Serving People Group now to make your move stress-free and tax-efficient!