Certain moving expenses are deductible when computing your income for the year, depending on your tax bracket you could reduce your bill by up to 50% of your expenses.

• You are moving to a new location to start a job or a business, or attend courses full-time at a post-secondary institution.
• Your new home is at least 40-KM closer to your new place of work or school.

• Traveling expenses include vehicle expenses, meals, and accommodation.
• Transportation and storage of personal effects.
• Cost of cancelling at your previous residence.
• Up to 15 days of meals and accommodation near either residence if your moving dates do not coincide.
• Selling costs of your old residence including real estate commission.
• Legal fees on sale of previous residence and purchase of new residence.
• Mortgage penalty.
• Advertising
• Legal fees and land transfer for purchase of new residence.
• Utilities disconnection/reconnection costs.
• Mortgage interest, insurance, property taxes and utilities associated with old residence while attempting to sell it, to a limit of $5,000 for a maximum of 3-month period.

• Loss on the sale of your previous home.
• Expenses for house-hunting trip before your move.
• Cost of work done on your former residence to make it more saleable.

• Deduction is limited to income earned at new location - can be carried forward to other years.
• Deduction is reduced by any reimbursement received from employer.