Tax tip

March 23, 2004

Make your move

Did you know...

If you have moved and are at least 40 kilometres closer to your new job or business, or if you are a student who is moving to study full time at an educational institution that offers post-secondary courses, you may be entitled to deduct your moving expenses on your tax return.

Deductible expenses include the amount you pay for movers or rental vans, furniture storage, meals and lodging during the move, and the costs incurred to break your lease or sell your home.

Full-time students who move away from school to take a summer job or co-op placement or to start a new business may also be eligible to deduct their moving expenses against certain types of income they earn at the new location.

For more information, visit http://www.ccra.gc.ca/iis and select "M" from the drop down menu for Moving expenses or "S" for Students.

This document is also available for download in .pdf format.

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