Question
Diane Weber is employed as Personnel Director of B Ltd., an international corporation. Diane was living in Vancouver at the beginning of last year, but
Diane Weber is employed as Personnel Director of B Ltd., an international corporation. Diane was living in Vancouver at the beginning of last year, but B. Ltd. moved her to Hamilton effective December 1st. Diane rented a three-bedroom townhouse in Vancouver but purchased a two-bedroom house in Hamilton on December 20th. Diane has supplied you with the following information concerning her moving costs:
Air transportation for Diane…………………………………………………………………….$3,000
Moving costs……………………………………………………………………………………………$3,100
Temporary living expenses (hotels and meals) in Hamilton for 20 days……$2,500
Storage…………………………………………………………………………………………………….$1,250
Lease cancellation fee paid to Vancouver landlord…………………………………..$1,200
Legal fees to purchase new home…………………………………………………………….$3,600
Property taxes paid from December 21st to 31st………………………………………$ 400
Moving allowance paid by B. Ltd………………………………………………………………$4,000
Diane’s net employment income in Hamilton from December 1st to 31st…$5,600
What is the deductible amount of moving expenses that Diane can claim in her personl income tax return for the year of the move?
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