MOVING EXPENSES CRA

CRA-ELIGIBLE MOVING EXPENSES WHEN USING MOVING COMPANIES,

We try to briefly explain the revenue Canada moving expenses (moving expenses CRA) deduction here; however, you can go to the Government of Canada website (Line 21900 - Moving expenses) for more details.

Most of the time, there are three questions regarding moving expenses using the CRA simplified method. These similar questions are,

  • Am I eligible to claim my cost of moving for tax deduction?
  • Can I claim the fee I paid for relocation to reduce my income tax?
  • Can I claim my moving payment to the Canada Revenue Agency for a tax return?

In some cases, Revenue Canada allows you to claim your moving fee for your tax deduction (moving expenses and relocation benefits). However, you need to answer the following questions to see if you can claim your moving fees.

  • ARE YOU MOVING TO BE A FULL-TIME STUDENT IN AN EDUCATIONAL INSTITUTION?

You can follow the link for a more comprehensive explanation regarding a full-time student.

  • ARE YOU MOVING TO ESTABLISH A NEW HOME TO WORK OR RUN A BUSINESS?

Check if you can claim your relocation expenses as employed or self-employed.

If your answers to the above questions are “YES,” AND the new place or address on legal documents is at least 40 kilometres closer to your work location or school, then you are ELIGIBLE. To calculate the distance, you must mention the “shortest normal route” available to the public. Now, you can claim your moving invoice as a CRA-eligible cost. Therefore, you can apply for a tax return regarding moving expenses.

  • CLAIMING MOVING CHARGE WHEN RECEIVING FUND

    If you get a fund or grant from the government or your employer, you must subtract the grant from the total. You must file the grant as an employment income if you claim all the prices, including the fund or grant. In other words, you need to claim that part of the expenses that you pay. You can also find the T1-M form (T1-M moving expenses deduction) or CRA moving expenses form to file your moving expenses. For more information about this post, please read about Income Income Tax Folio S1-F3-C4, Moving Expenses.

    CONTACT US

    If we have provided your relocation services, we will provide you with the official invoice anytime needed. If you plan to file the expenses at the end of the tax year, don't hesitate to contact us anytime you need your invoice. We will send out your invoice in a short time. To make the process faster, please prepare the following information to find your file more quickly.

    • phone number,

    • full name,

    • old and current address

    • email address

  • MORE INFORMATION :

    Please see the link if you are looking for more information regarding "How You Can Claim Moving Expenses in Canada."

    You also might be interested in the following subjects on our website