Students Moving Expenses
If you have moved at least 40km to attend a post-secondary educational institution full time, then moving expenses <https://www.taxtips.ca/
Normally, moving expenses are only an eligible deduction for a student if the move was either to or from a location within Canada. However, a move between two locations outside of Canada can also be an “eligible relocation” if:
- You are a Canadian resident (either factual or deemed) living out of the country, and
- You moved from the place where you ordinarily resided, to live in another place where you ordinarily reside.
LGC Smithers and Associates are Accounting, Book Keeping, Payroll & Income Tax Specialists based in Dundas, Ontario. We serve businesses in the greater Hamilton area and offer expert tax advice. Contact us today to discuss how we can help with your financial needs at 905-627-2910.