It is important for Canadians to educate themselves on any and all possible tax deductions. As Canadians pay more than 40% of their annual salaries to taxes through income tax and sales tax, it is key for us to save on taxes wherever possible.
Believe it or not, there are times when a Canadian can actually claim their moving expenses and receive a tax deduction. For instance, if you moved during the year and established a new home to start a new job or business, or if you are a full time student you may qualify for the tax deduction.
Eligible moving expenses include transportation and storage costs for household items, traveling expenses such as meals and accommodations, etc. You can also claim some expenses related to the selling of your previous home such as advertising costs and legal fees.