Self-employed

Moving expenses are claimed as a deduction against your taxable income on your income tax return.  For example, if your taxable income is $50,000 and you have moving expenses to claim in the amount of $7000, your taxable income would now be $43,000.  The benefit of lowering your taxable income is that it may put you in a lower tax bracket on the Federal Schedule 1 and the Provincial Schedule 1.  There is no definite way to calculate based only on moving expenses whether you will receive a refund as a result.  For more information on moving expenses, please see the following FAQ.

https://turbotax.community.intuit.ca/replies/2648075

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