Did you move this past
year to take a new job, start
a business or go to school?

Did your move bring you
at least 40 kilometres closer
to your new place of work?

If so, you may be able to
claim your moving expense
as a deduction on your 1979
income tax return

Moving expenses may be
claimed by those on salary
the self emploved and in

certain rmnstances by
students
CGsenerally you may

dedus | PON TI expenses

from vour imcoome pre ded

you afe neo borer working al
Vort orormer location vou

have

moved trom

youl
lormer residence to carn in
come at your new locatron
and your move as at least 40
kilometres

closet to your

These deductions are
made from the income you
earn after you
relocated

have

What can you claim” The
reasonable amounts spent to
move you, your family and
household effects imcluding
your travelling
meals and lodgings

costs. for

And be sure to Keep all of
your receipts you dont
have to submit them with
your ceturn but they jaay be
required lat) io substantiate
yeorr claim for the dedus
tron EE you used your own
car keep a record of all en

Poute CApPenses

Charges for packing haul
INQ on Cransit storage andoin
surance for your household
cilects can alse be clarmmed
on form FT 1M as can the

THE NORTH SHORE offers easy access to the popular ski areas including “The Cut”
on Grouse Mountain. (lan Smith photo)

A move may be tax deductible

and lodging for you and your
family.

The cost of cancelling an
unexpired lease on your
former home or apartment
can also be Glaimed

I} vou owned your home.
then advertising, notamal or
legal fees can be deducted as
can the real estate Commis
sion and mortgave penalty (af

vou had te pay off your mor
(vee before maturity!

Hf vou or your spouse sold
your old residence asa result
ofthe move vou are cligible
tov daim legal fees in connes
fron wath the purchase of

your new residence

Not allowed are claims for
money spent to fix up your
property toa make at

saleable any boss taken in

more

order to sell your property

the cost of acquiring a

tion, or expenses from any
pre-move  house-hunting
trips

If your employer has reim-
bursed you or will renm ber; se
vou for all or part of your

Moving CXPO lise this wall af
fect Vevur “moving expenses”
claim

Studeats who were in full
time attendance at a univer
sity or other post secondary
Institution oan Canada and
moved elsewhere tn Canada
to take a summer yob tsum
mer employment ing lauded:
may be able ta deduct mos
Inp expenses from imcome
they carn at ther oew loa
thon

Should vou be eligible for
the moving expenses deduc
fon you must Complete and
attach oto your return a

special To 1M form available

Shore

C15-Sunday News, February 24, 1980

George Robb

Dave Jenneson

Call us today.

The Real Estate Showcase can put your home
or your listings ‘on wew across the whole North

When you want to advertise in the Real
E state Showcase. call us

980-0511

Owisions Noh Shore Free Press Lid

surilay

ew |

ag arin share