STRETCHING TO THE SEA, the remnants of this old dock at the foot of Bewicke

Avenue in North Vancouver indicate a different use from the past. The careful ob-

You can deduct your

Did you move this past
yeat 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 1978
income tax return. —

Moving expenses may be
Claimed by those on salary,
the self-employed and, Th
certain instances, by
students.

Generally, you may
deduct moving expenses
from your income provided
you are no longer working at
your former location, you
have moved from your

former residence to earn
income at your new
location, and your move is at
least 40 kilometres closer to
your new job.

These deductions are
made from the income fou
earn after you have
relocated,

What can you claim? The
reasonable amounts spent to
move you, your family and
houschold effects including
your travelling costs for
meals and lodgings.

And be sure to keep all of
your receipts —- you don’t
have to submit them with
your return but they may be
required later to substantiate
your claim for the deduc-
tion. If you used your own

car, keep a record of all en
route expenses.

Charges for
hauling, in-transit storage
and insurance for your
household effects can also
be claimed on form T-1M as
can the cost of up to 15 days
board and lodging for you
and your family.

packing,

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

If you owned your home,
then advertising, notarial or
legal fees can be deducted as
can the real estate com-
mission and mortgage
penalty (if you had to pay off
your mortgage before
maturity):

moving expenses

server wiil find countless reminders of the past on the waterfront. (Ian Smith photo)

“0

If you or your spouse sold
your old residence as a result
of the move, you are eligible
to claim legal fees in con-
nection with the purchase of
your new residence and any
taxes on the transfer or
registration of title to the
new residence.

Not allowed are claims for
money spent to fix up your
property to make it more
saleable; any loss taken in
order to sell your property;
the cost of acquiring a
tesidence in your new
‘location; or expenses from
any pre-move house-hunting
trips.

If your employer has
reimbursed you or will
reimburse you for all or part
of your moving expenses,

this will affect your “moving
expenses” claim.

Students who were in full-
time attendance at a
university or other post-
secondary institution § in
Canada and moved
élsewhere in Canada to take
a summer job (summer
employment included),. may
be able to deduct moving
expenses from income they
carn at their new location.

The same general rules for
moving expenses apply.
(Moving expenses to return
to university from a summer
job are not deductible.) .

*

Under certain = cir-
cumstances students who
moved to begin full-time

attendance ala university or
other post-secondary = in-

stitution (in Canada or
elsewhere), may be able to
deduct moving expenses.
from’ the award income
(such as_ scholarships,
fellowships and research
grants) they report on their
tax return,

For more information on
determining whether you are
eligible to claim the moving
expenses deduction check
your 1978 Tax Guide or ask
your District Office for the
pamphiet “Moving Ex-

id

penses”,

Should you be eligible for
the moving expenses
deduction, you must

complete and attach to your
return a special T-1M form
available from your District
Office.

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