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Sam moves from Alberta to Ontario during 2019, earning $18,000 from his new employer. He wants to use the simplified method for his moving expenses.
Sam moves from Alberta to Ontario during 2019, earning $18,000 from his new employer. He wants to use the simplified method for his moving expenses. The mileage rate for Ontario is $0.52/km and the Alberta rate is $0.47/km.
The following are the expenses he incurs:
Legal fees/Commission to sell residence | $3,400 |
Moving company | 4,100 |
Gas (3,000km) | 450 |
Meals (3 days) | 120 |
Required:
What is the amount that Sam should deduct for moving expenses in 2019?
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