Business Administration - Financial Planning RFC122 Chapter Notes - Chapter 13: Headache, Withholding Tax, Ontario Health Insurance Plan
11 Dec 2016
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If you move 40km closer than the expenses to move are deductible. If you move from canada to england, it"s not covered. Moving costs for household items such as furniture. Costs of revising legal documents for new address. ,000 or less for mortgage and the other stuff. a day for food no receipt needed. Mileage is 45. 5cents to 64 cents you do not need the receipt. If you are a student, you can claim moving expenses to begin a new job or starting a business. If you attend full time post secondary education, you can deduct the expenses but only to the extent you have a scholarship or research grant income. Moving allowances and reimbursements paid by your employer. If the employer asks you to move and gives you money to move, the money you get is taxable. When you incur your actual moving expenses, they will be deductible along with your receipts.
