The 40km Program
Did you know that under certain conditions, the expenses incurred for the purchase or sale of your property as the broker’s commission, notary fees, moving costs and many other expenses may be tax deductible?
You can claim a deduction for moving expenses in your income tax return if, during the taxation year concerned, you meet both of the following conditions :
Only expenses for moving from one location to another in Canada are deductible, unless they were incurred at a time when you were living outside Canada temporarily. If such is the case, contact us.
If, during the taxation year, you moved to attend an institution at which you were enrolled full time in a post-secondary program, the deduction you can claim is limited to the net amount of the research grants you received. If you did not receive any research grants, you cannot claim this deduction.
For more information, see the instructions for line 228 in the Guide to the income tax return (TP-1.G-V) or form TP-348-V, Moving Expenses.