![]() In addition to claiming the mileage you put on your car, you can also claim personal expenses related to the move such as meals, rental/hotel accommodations (up to a maximum of 25 days) and any additional vehicle expenses incurred. Eligible moving expenses include transportation costs such as all the mileage you put on your car, the cost of hiring movers to haul all your stuff to your new address, plus any packing expenses, insurance and any storage costs. If you qualify to claim moving expenses, you’ll be delighted to learn that there are a lot of things you can claim against your income. What type s of moving expenses can you claim? However, the fact remains that if you want to move or even have to move, don’t base your decision on whether the move is tax-deductible or not a move should always be about enjoying a greater quality of life. Moving from Mimico to be closer to your Bay Street office? Sorry, you’re out of luck. ![]() Moving from Barrie to be closer to your downtown Toronto Bay Street office? Good call, that’s tax-deductible. There is a qualifier, however – your new home must be at least 40 kilometres closer to your place of work than your prior location. ![]() If you have moved to be closer to your place of employment, it is possible to claim your moving expenses as a tax deduction. And the answer to that question is… it depends. Any way to get the money you’ve already spent to work harder for you at this time of year is entirely rational. In that light, it’s natural to ask are moving expenses tax-deductible. ![]() We’re talking about tax time that time of year when we scramble to add up all the receipts haphazardly thrown into a shoe box in the hopes that the government will owe you and not you owing the government. No, we’re not talking about your birthday or Valentine’s Day, daylight savings or even final exams for all the dedicated students out there. We are rapidly approaching the most anxiety-inducing time of the year again. ![]()
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