Question
In June 2020, Mr. Smith moved from Calgary to Vancouver to start a new job. In his 2020 fiscal year, he earned employment income of
In June 2020, Mr. Smith moved from Calgary to Vancouver to start a new job. In his 2020 fiscal year, he earned employment income of $50,000 in his new job. He was not reimbursed by his employer for any of the moving costs. Mr. Smith incurred the following costs of moving: a. Transport of household effects $5,000 b. Travel - self, spouse, and three children 2,000 c. Legal fees - house purchase in Vancouver 900 d. Cancellation of lease on condo in Calgary 750 e. Temporary accommodation while waiting for new house at $70 per day for 30 days 2,100 f. House-hunting trip to Vancouver in May 2020 500 What is the maximum amount that Mr. Smith may deduct for moving expenses in his 2020 personal income tax return? $ Answer
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