- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I include the amount paid for title insurance for purchase of a new property under Moving expenses as well ? Line 21900
May 4, 2023
4:08 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors and rental owners
Thank you for your question.
As per the Canada Revenue Agency (CRA) Income Tax Folio S1-F3-C4, Moving Expenses, title insurance paid for the purchase of a new residence is not an eligible moving expense. Thus, it cannot be claimed under Line 21900-Moving Expenses.
Thank you for choosing TurboTax.
May 9, 2023
12:57 PM