Tax advice
Moving expenses
If the move or purchase of a residence is intended to be 40 km closer to the workplace, remember to keep the following receipts:
1) Travel, meals, lodging, and furniture storage.
2) Meal and lodging expenses near the old residence or near the new one. For a maximum of 15 days.
3) Lease termination fees for the old residence.
4) Advertising, notary, and lawyer fees, and penalties for mortgage repayment.
5) Notary fees for the purchase of the new residence, taxes, and transfer duties.
6) Mortgage interest, property taxes, insurance, heating, and electricity in the old residence if it remained vacant, up to a maximum of $5,000.
7) Driver’s license replacement, personal vehicle registration, and utility connection fees.
Among others. These invoices are deductible on your tax return.
References:
Section 62(3) of the Federal Income Tax Act.
Section 350 of the Provincial Income Tax Act.
Without Prejudice.