Deduction for Moving Expenses

You can deduct the moving expenses if, during the taxation year concerned, if you meet both of the following conditions:

• You moved in order to take up employment duties, carry on a business or practise a profession or attend an educational institution at which you were enrolled full time in a post-secondary program.
• Your new residence is at least 40 kilometres closer to your new place of study or work (even if your work was seasonal).

If, during the taxation year, you moved to be at least 40 kilometres closer to the 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.

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. In this case, contact us.

After you move, the deduction you can claim is limited to the net income that you earned in 2011 because you were employed, carried on a business or practised a profession. You can, however, carry forward any part of the moving expenses you were unable to deduct in the taxation year concerned.

To find out the types of expenses you may claim and to calculate the amount of the deduction, complete form TP-348-V, Moving Expenses.