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Mini-Case A: (2.5 marks) Malcolm received a $3,000 research grant from Concordia. He moved from British Columb attend Concordia full-time and had several moving costs

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Mini-Case A: (2.5 marks) Malcolm received a $3,000 research grant from Concordia. He moved from British Columb attend Concordia full-time and had several moving costs which came to $5,000. He signe Montreal lease and found a great apartment near Concordia. Which statements are true regards to moving costs and their claim on a personal income tax return? Hint: Canada Revel Agency (CRA) is a good site for tax questions. a) Malcolm realized that his moving expenses paid in the year of the move are more than 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 th following year. Statement is: True of False (highlight and underline your response) (.5 marks) b) Even though Concordia reimbursed $450 for some of his moving costs, Malcolm can still claim the same $450 moving costs on his personal tax return as he did incur them. Statement is: ji) True of False (highlight and underline your response) (.5 marks) c) Marcolm told his friend Jason about claiming moving expenses as he knows that Jason moved 30 kilometers closer to his new work location when he moved from the West Island of Montreal to downtown Montreal. Jason is excited as he has $2,000 in moving costs and Will claim them on his 2022 personal tax return as he just moved on October 1, 2022 kk) Statement is: True of False (highlight and underine your response) (.5 marks) d) Provide five (5) eligible moving costs that Malcoim could claim. (1 mark -.20 marks each)

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