One of our clients had moved to Ontario and after about a year decided to move back to BC. Their accountant told them repeatedly that they could not claim the moving expenses for either move. The accountant was wrong and would have cost them thousands they were entitled to. Fortunately, we were able to set this right.
Moving expenses can only be claimed against earnings in the new location. Because they never really earned much income in Ontario, most of the expenses for the move to Ontario were lost, however the move back to resume working in BC was completely legitimate. CRA did review the claims and accepted them.
Not only did our advice save these clients thousands in this case, they also have told us that while our fees are much more reasonable than his former accountant, we have provided more tax saving advice than they ever did for triple the fees.
Moving expenses are a commonly missed expense due to misperceptions about the requirements to make the claim or whether it is worthwhile.
For free advice or a review of your moving expenses give us a call or email us.
www.painfreetaxes.ca or service@painfreetaxes.ca
What We Do for our Clients
Read here for some great tax tips and examples about how we've helped our clients to make their lives easier or save them money. Visit our web page at http://www.painfreetaxes.ca/ for more information.
If you have ever been frustrated by bad service you will understand why we make treating you how we want to be treated a priority!
Our Tax Preparation services are available Canada Wide through Web Services and in person. Appointments for Office Visits and Mobile Services are available in Victoria BC and surrounding.
If you have ever been frustrated by bad service you will understand why we make treating you how we want to be treated a priority!
Our Tax Preparation services are available Canada Wide through Web Services and in person. Appointments for Office Visits and Mobile Services are available in Victoria BC and surrounding.
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