Don’t Forget That Some Moving Expenses Are Tax Deductible

Did you know that you can deduct eligible moving expenses from employment or self-employment income you earn at your new location if you move and establish a new home to be employed or carry on a business?

I’ve been told by some accountants and tax advisors, that many people forget that they can claim these deductions or, they are unclear as to how they apply.

According to Canada Revenue Agency (CRA) website,  you can also deduct moving expenses if you move to study courses as a full-time student at a college, university, or other institution offering post-secondary education. However, you can only deduct these expenses from the part of your scholarships, fellowships, bursaries, certain prizes, and research grants required to be included in your income.

The rules say that your new home must be at least 40 kilometers closer to your new place of work or educational institution. You must establish your new home as the place where you ordinarily reside. For example, you have established a new home if you have sold or rented (or advertised for sale or rent) your old home.

The website has a useful link on the front page that you can follow to establish your eligibility for these deductions.


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Thursday, August 13th, 2009 at 7:19 am and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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