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New Member
posted Oct 30, 2019 2:51:01 AM

I have entered moving and selling expenses for moving 150km closer to work but an getting a zero deduction?

Compision to realtor was %21,750

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1 Best answer
New Member
Oct 30, 2019 2:51:02 AM

Hi

You need to enter your net income at the new location only, this is asked at the end of the moving expense entries. ie (T4 income less deductions box 20, or childcare in the new location) This is required to determine how much of the moving expense can be deducted.

If there is an amount leftover, it will be carried forward for use in the following year.

1 Replies
New Member
Oct 30, 2019 2:51:02 AM

Hi

You need to enter your net income at the new location only, this is asked at the end of the moving expense entries. ie (T4 income less deductions box 20, or childcare in the new location) This is required to determine how much of the moving expense can be deducted.

If there is an amount leftover, it will be carried forward for use in the following year.