I had to move due to financial circumstances before going bankrupt. I did move 50k closer to my job, does this qualify me to claim moving expenses on my 2016 taxes?

I took full possession of my home in 2015 after splitting with my ex, due to financial circumstances I had to sell before going bankrupt, I cashed in RRSP's during the year to hold me over till I sold and now have to pay a large return to CRA because of it. I would like to know if there is a chance I would be able to claim my moving and storage fee's that I incurred?

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1 Best answer

New Member

Oct 30, 2019 5:34:00 AM

To claim moving expenses, your new home has to be at least 40 kilometres closer to your new place of work or business than your previous home. So, unless you started a new job or your work moved to a new location, you can't claim the expenses.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/219/menu-eng.html

New Member

Oct 30, 2019 5:34:00 AM

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/219/menu-eng.html

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I had to move due to financial circumstances before going bankrupt. I did move 50k closer to my job, does this qualify me to claim moving expenses on my 2016 taxes?