Mini-Case A: (2.5 marks)

Jean received a $3,000 research grant from concordia. He moved from British Columbia to attend Concordia full-time and had several moving costs which came to $5,000. He signed a Montreal lease and found a great apartment near Concordia. Which statements are true with regards to moving costs and their claim on a personal income tax return? Hint: Canada Revenue Agency (CRA) is a good site for tax questions.

1. Jean realized that his moving expenses paid in the year of the move are more than the research grant he received, he will then carry forward the moving costs and deduct the unused part of those expenses from the same type of research grant he will receive in the following year. Statement is: True of False (highlight and underline your response) (.5 marks)

2. Even though concordia reimbursed $450 for some of his moving costs, Jean can still claim the same $450 moving costs on his personal tax return as he did incur them. Statement is: True of False (highlight and underline your response) (.5 marks)