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

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