Jordan's parents recently moved from Montreal to Ottawa as his father started a new job working...
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Jordan's parents recently moved from Montreal to Ottawa as his father started a new job working for the govemment. Jordan explained to his father to keep all the receipts for back- up as his father could claim a lot of the moving expenses on his tax return. Which costs does the Canada Revenue Agency (CRA) allow? 1) Transportation and storage costs (movers, insurance) for household items. Il) Travel expenses including meals and accommodation to move to a new home. III) Incidental costs related to the move such as costs for changing an address on legal documents, replacing a driver's license and utility hook-ups and disconnections. IV) Cost of selling the old home such as advertising, notary or legal fees, real estate commission, mortgage penalty when the mortgage is paid off before maturity. a) I, ill and IV b) II and III c) Ill only d) I and IV e) All responses Jordan's parents recently moved from Montreal to Ottawa as his father started a new job working for the govemment. Jordan explained to his father to keep all the receipts for back- up as his father could claim a lot of the moving expenses on his tax return. Which costs does the Canada Revenue Agency (CRA) allow? 1) Transportation and storage costs (movers, insurance) for household items. Il) Travel expenses including meals and accommodation to move to a new home. III) Incidental costs related to the move such as costs for changing an address on legal documents, replacing a driver's license and utility hook-ups and disconnections. IV) Cost of selling the old home such as advertising, notary or legal fees, real estate commission, mortgage penalty when the mortgage is paid off before maturity. a) I, ill and IV b) II and III c) Ill only d) I and IV e) All responses
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