Question: In 2 0 2 4 , Mr . Kumar moved from Saskatchewan to Prince Edward Island ( PEI ) to begin a new business. Business
In Mr Kumar moved from Saskatchewan to Prince Edward Island PEI to begin a new business. Business profits in exceeded $ Mr Kumar incurred the following moving expenses:
Transport of household effects
$
Travel self, spouse, and three children
Legal fees house purchase in PEI
Cancellation costs lease in Saskatchewan
Temporary accommodation while waiting for
new house at $ per day for days
Househunting trip prior to move
What amount represents themaximumamount that Mr Kumar may deduct for moving expenses in his personal income tax return?
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