tmac721
New Member

Does the Standard Turbo Tax program support the Simplified Method of Calculation for the T1-M (Moving Expenses)?

 

Self-employed

Yes. You can either used the detailed method (actual costs backed with receipts) or use the the simplified method (based on the CRA's rates). If you use the simplified method you will have to do the calculations your self based on the rates given by the CRA. You can read more about the simplified method and get the rates here: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...