Moving expense tax deductions - ask Jay's, your Calgary movers about them
At Jay's, your Calgary movers we understand that you want to save money on your relocation. Here is some advice about moving expense tax deductions from Revenue Canada. “If you are employed or self-employed, you can deduct eligible moving expenses from employment or self-employment income you earn at the new location.” – Canada Revenue Agency
These deductions are designed to give you a tax break on your relocation costs. Even full-time students relocating for higher education may qualify.
Moving home for work, education, or personal reasons can be a sizeable expense, especially if you don’t have an experienced mover. Although the government reimburses a reasonable amount at tax time, it is advisable to find a moving company that provides quality transportation and storage at competitive prices. You don’t always have to pay high rates for superior service; and money saved is money earned.
Jay’s Moving Calgary has been providing top quality transportation at affordable rates since 1964. Families across Canada and further will vouch for our exceptional transportation, facilities, and great pricing. Our staff is experienced in the business and committed to service excellence. Our modern vehicle fleet guarantees safe and on-time delivery.
Request an estimate at (403) 775-6066. Remember to save all your receipts to file for moving expenses with Revenue Canada at tax time.
Some eligible moving expenses for Revenue Canada include:
- Transportation and storage costs (such as packing, hauling, in-transit storage, and insurance) for household effects, including items such as boats and trailers;
- Traveling expenses, including vehicle expenses, meals, and accommodation, to move you and members of your household to your new residence;
- Costs for up to 15 days for meals and temporary accommodation near either residence for you and the members of your household. Moreover, not all members of your household have to travel together or at the same time; and
- The cost of cancelling a lease for your old residence, except any rental payment for the period during which you occupied the residence.
Refer to the Canada Revenue Agency Website for further information.
Jay’s Moving Calgary is a name you can trust. Well-trained logistics personnel, years of industry experience, and an unwavering commitment to quality service guarantees absolute customer satisfaction. Our Calgary movers treat your household possessions like our own. Contact us at (403) 775-6066 for a happy home relocation.We’ll provide the receipts required for reporting moving expenses to Revenue Canada.