There are many reasons people move, but if you are a full-time student or moving for work, and are moving more than 40 kilometers, most of the time you will be able to deduct your moving and storage expenses.

 

Transportation and storage costs (such as packing, hauling, movers, in-transit storage, and insurance) for household effects, including items such as boats and trailers. Also including vehicle expenses, meals, and accommodation, to move you and members of your household to your new residence.

Temporary living expenses for up to a maximum of 15 days for meals and temporary accommodation near the old and the new residence for you and members of your household.

Cost of cancelling a lease for your old residence, except any rental payment for the period during which you occupied the residence.

Incidental costs related to your move which include changing your address on legal documents, replacing diving licenses, and utility hook ups.

Cost to maintain your old residence (maximum of $5,000) when it was vacant after you moved, and during a period when reasonable efforts were made to sell the home. It includes interest, property taxes, insurance premium and cost of utilities expenses.

Cost of selling your old residence, including advertising, notary or legal fees, real estate commission, and mortgage penalty when the mortgage is paid off before maturity.

Cost of purchasing your new residence if you or your spouse or common-law partner sold your old residence as a result of your move.

There are details and exceptions as to what can be claimed so be sure to check with Canadian Revenue Agency.

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