- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Prepayment charge on mortgage
My son moved from BC to MB to start a job. When he closed his mortgage he was charged a prepayment charge of 3 months interest ($2380.99) plus an adminstration fee ($7.32) and a discharge registration fee ($29.10). Can any of these be deducted as moving costs?
Topics:
October 29, 2019
8:12 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors and rental owners
Yes. These are considered eligible moving expenses. For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/219/xpnss-eng.html You will note these expenses under cost of selling your old residence
October 29, 2019
8:12 PM