Question: In 2 0 2 3 , Mr . Kumar moved from Saskatchewan to Prince Edward Island ( PEI ) to begin a new business. Business

In 2023, Mr. Kumar moved from Saskatchewan to Prince Edward Island (PEI) to begin a new business. Business profits in 2023 exceeded $50,000. Mr. Kumar incurred the following moving expenses:
Transport of household effects $5,000
Travel - self, spouse, and three children 2,000
Legal fees - house purchase in PEI 900
Cancellation costs - lease in Saskatchewan 750
Temporary accommodation while waiting for
new house at $70 per day for 30 days 2,100
House-hunting trip (prior to move)500
Which one of the following amounts represents the maximum amount that Mr. Kumar may claim for moving expenses for 2023?
Question 30 options:
$ 9,700.
$ 8,800.
$11,250.
$10,200.

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