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Relocation expenses
Hi
I understand that as a newcomer non resident to Canada I cannot claim relocation expenses. However if I move on my own, just me and a suitcase of clothes, work for at least 183 days, reside in rented accommodation and then relocate my family, goods, chattel etc do I qualify? John |
Re: Relocation expenses
No because to claim them for tax purposes you have to move within Canada more than 40 miles specifically for work. You're relocating your family from another country.
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Re: Relocation expenses
Pity.
Thanks for the prompt reply. John |
Re: Relocation expenses
Originally Posted by Ben W Bell
(Post 10796560)
No because to claim them for tax purposes you have to move within Canada more than 40 miles specifically for work. You're relocating your family from another country.
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Re: Relocation expenses
Originally Posted by jwtimmon
(Post 10796572)
Pity.
Thanks for the prompt reply. John |
Re: Relocation expenses
Sigh.
The fact I'll soon be a productive tax paying member of Canadian society seems to have been mislaid in your eagerness to utter a pithy little put down. Did I miss the bit where tax planning was made illegal in Canada? Or do you perhaps think that new immigrants should pay more tax that native Canadians, that we should not be allowed to avail of legal and ethical means of reducing our tax bill? If relocation expenses are allowable I will use them, if they are not I won't. Pretty simple I would have thought. Maybe I should ask for your permission on other tax deductions say child care expenses, or medical expenses. Or would that too be a "pity for Canadian taxpayers" John |
Re: Relocation expenses
Originally Posted by jwtimmon
(Post 10798199)
Sigh.
The fact I'll soon be a productive tax paying member of Canadian society seems to have been mislaid in your eagerness to utter a pithy little put down. Did I miss the bit where tax planning was made illegal in Canada? Or do you perhaps think that new immigrants should pay more tax that native Canadians, that we should not be allowed to avail of legal and ethical means of reducing our tax bill? If relocation expenses are allowable I will use them, if they are not I won't. Pretty simple I would have thought. Maybe I should ask for your permission on other tax deductions say child care expenses, or medical expenses. Or would that too be a "pity for Canadian taxpayers" John |
Re: Relocation expenses
Originally Posted by jwtimmon
(Post 10798199)
Sigh.
The fact I'll soon be a productive tax paying member of Canadian society seems to have been mislaid in your eagerness to utter a pithy little put down. Did I miss the bit where tax planning was made illegal in Canada? Or do you perhaps think that new immigrants should pay more tax that native Canadians, that we should not be allowed to avail of legal and ethical means of reducing our tax bill? If relocation expenses are allowable I will use them, if they are not I won't. Pretty simple I would have thought. Maybe I should ask for your permission on other tax deductions say child care expenses, or medical expenses. Or would that too be a "pity for Canadian taxpayers" John
Originally Posted by Auld Yin
(Post 10798246)
You need to wind your neck in.
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Re: Relocation expenses
Originally Posted by jwtimmon
(Post 10798199)
If relocation expenses are allowable I will use them, if they are not I won't.
http://www.cra-arc.gc.ca/tx/ndvdls/t...19/mv-eng.html |
Re: Relocation expenses
relocation expenses can be a part of the recruitment package.
I had a relocation package included when I was offered and accepted my employment. Only problem it was included in my first month salary and a lot taken in tax (hey ho, part of life). It paid for half the shipment of our belongings. it was also given on the proviso that if I left the employment within two years then I had to ay back a pro rate amount. If I misread the OP, I apologise :) |
Re: Relocation expenses
I am all for people receiving entitlements.
But moving across the world 6 months ahead of the family, instead of all together, just so someone else contributes to the expenses sounds a little extreme. :unsure: |
Re: Relocation expenses
Originally Posted by Mad Jockette
(Post 10798496)
relocation expenses can be a part of the recruitment package.
I had a relocation package included when I was offered and accepted my employment. Only problem it was included in my first month salary and a lot taken in tax (hey ho, part of life). End of story. But I suppose the Canadian tax-payer took a hit in the goolies. Although I can't quite see how. |
Re: Relocation expenses
Agreed moving on my own for 6 months just to gain a tax advantage is probably excessive, but seeing as I will be moving over first anyway for at least 5 or 6 months if delaying the family by a couple of weeks or so means I reduce my tax liability for several thousand dollars then that's something I think is worth investigating.
And it's all moot anyway as you can't do that anyway. Company are paying a lump sum as one off payment on first paycheck This will be taxed at full income tax and if I could have used my relocation expenses I would have been looking for a rebate at year end. Given the salary I'll be on I'll be lucky to retain 56% John |
Re: Relocation expenses
Originally Posted by jwtimmon
(Post 10798548)
Agreed moving on my own for 6 months just to gain a tax advantage is probably excessive, but seeing as I will be moving over first anyway for at least 5 or 6 months if delaying the family by a couple of weeks or so means I reduce my tax liability for several thousand dollars then that's something I think is worth investigating.
And it's all moot anyway as you can't do that anyway. Company are paying a lump sum as one off payment on first paycheck This will be taxed at full income tax and if I could have used my relocation expenses I would have been looking for a rebate at year end. Given the salary I'll be on I'll be lucky to retain 56% John Not good. |
Re: Relocation expenses
Originally Posted by jwtimmon
(Post 10798548)
Agreed moving on my own for 6 months just to gain a tax advantage is probably excessive, but seeing as I will be moving over first anyway for at least 5 or 6 months if delaying the family by a couple of weeks or so means I reduce my tax liability for several thousand dollars then that's something I think is worth investigating.
And it's all moot anyway as you can't do that anyway. Company are paying a lump sum as one off payment on first paycheck This will be taxed at full income tax and if I could have used my relocation expenses I would have been looking for a rebate at year end. Given the salary I'll be on I'll be lucky to retain 56% John http://www.cra-arc.gc.ca/E/pub/tg/t4...tml#P557_58074 |
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