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New Member
posted Mar 26, 2024 9:45:51 AM

moved from NB to ON while working at the beginning of December but quit at the end of the year. Am I qualified for moving expense?

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1 Replies
Intuit Alumni
Mar 26, 2024 9:59:27 AM

Because you quit the employment by end of year, you should verify with the Canada Revenue Agency (CRA) to see if you can still claim some of the move and if you have to prorate the expense which is eligible to claim. The information is unclear about the employment not being continued. Please contact the CRA by calling 1-800-959-8281.

As per our TurboTax article: How to Claim Moving & Relocation Expenses in Canada

To qualify for the deduction, your new home needs to be at least 40 kilometres closer to your place of work than the prior location. This can include individuals who have moved within Canada, from outside Canada to a new work location in Canada, from in Canada to a new work location outside of Canada, or between two locations outside of Canada. However, you will need to be earning income following the move to your new location to deduct your expenses. If you do not have sufficient income in the year of the move, the deduction will carryforward; which means you can deduct the moving expenses the following year if you have enough income at that time.

As per the Canada Revenue Agency (CRA) If your net moving expenses paid in the year of the move are more than the net eligible income earned at the new work location in that same year, you can carry forward and deduct the unused part of those expenses from your employment or self-employment income earned at the new work location and report on your return in a future year.

 

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