| If you’re renting an apartment, you probably know | | | | · A maximum of 15 days' living expenses |
| that a portion of your apartment rent can be deducted | | | | near new or old residence (e.g., hotels and meals). |
| from your taxes. However, you might not know that | | | | · The cost of cancelling your old lease. |
| you can also deduct certain moving expenses from | | | | · The cost of selling your old residence |
| your next tax return, including transportation, packing | | | | (including advertising, notary or legal fees, real estate |
| and storage costs. | | | | commissions and mortgage penalties). |
| You Can Deduct Moving Expenses If … | | | | · If applicable, the costs associated with |
| To be able to claim moving expenses from your | | | | maintaining heat and power in a vacant old residence. |
| taxes, your move has to fit in one of the following | | | | Expenses That Are Not Deductible: |
| categories: | | | | Although the list above covers many of the costs |
| · You moved to your new home or new | | | | associated with moving to a new apartment, there are |
| apartment to start a job or a business, or to attend | | | | many expenses that are not deductible (including some |
| full-time post-secondary courses at a university, college | | | | that are similar in nature to those that can be claimed). |
| or other educational institution. | | | | These include: |
| · Your new place of residence is at | | | | · A loss on the sale of your previous |
| least 40 kilometres closer to your workplace or school | | | | home. |
| than your previous home. | | | | · Expenses for work done to make your |
| · You moved from one place in Canada | | | | previous home more saleable. |
| to another place in Canada. | | | | · Transportation expenses for |
| Eligible Moving Expenses: | | | | house-hunting trips before your move. |
| The Canada Revenue Agency allows you to deduct | | | | · Mail-forwarding costs. |
| reasonable amounts that you paid for moving yourself, | | | | · Expenses to replace items such as |
| your family and your household effects, including: | | | | drapes, carpets and toolsheds. |
| · Transportation costs associated with | | | | Be sure to keep all of your receipts and documents |
| moving from your old residence to your new one (e.g., | | | | supporting your claims – even if it’s not |
| gas, meals, and accommodation). | | | | necessary to send them with your tax return, the |
| · Transportation and storage costs for | | | | CRA may want to see them at a later date. |
| your household effects (e.g., packing, hauling, storage | | | | Please keep in mind that the information presented in |
| and insurance). | | | | this article is very general and is subject to change, as |
| · The cost of revising your legal | | | | tax laws are modified on a frequent basis. For specific |
| documents and driver’s license to reflect the | | | | details about which moving expenses you can claim, |
| address change, | | | | the maximum amount you can claim and the forms |
| · The costs associated with | | | | you will need to make your claim, be sure to check out |
| disconnecting and switching over your utility hookups | | | | the Canada Revenue Agency’s website or meet |
| (e.g., cable, Internet, phone, hydro and gas). | | | | with a professional accountant. |