If you moved in 2007 to work or carry on business in a new location, you may claim certain moving expenses up to the amount of your income from your new work location. To be eligible, your new residence must be at least 40 kilometres closer to your new work place and you may not claim any expenses paid by your employer on your behalf. Expenses your employer has reimbursed or expenses for which you have received an allowance are not deductible unless the reimbursement or the allowance is included in calculating your income.

You may claim mover's transportation costs, storage charges, personal transportation costs for you and your family, and lodging and meals for up to 15 days near your former or new residence.

Plus, if you sold your old residence, you can claim the costs of selling that residence as well as legal fees and property transfer taxes in connection with the purchase of your new residence. If you move for work, look into moving expense deductions when you file your return.

Don't have receipts?  The Canada Revenue Agency (CRA) allows you to estimate your meal expenses during your days of travel at $17 per person per meal, up to a maximum of $51 per person per day.  As well, if you drive to your new home, in lieu of calculating your proportionate motor vehicle expenses for the trip, you can claim a flat rate deduction per kilometre, depending on where you start.  A list of per kilometre rates is available on CRA's website.

Information for Tax Tips is provided as a public service by the Chartered Accountants of British Columbia.