A friend of mine was complaining about the headaches associated with an upcoming move to a new home.   Not only was there the pain of packing up and then unpacking (complete with kids and pets), there was the complaint from the financial perspective: the actual costs of moving, such as the moving truck, movers, time away from work, and if you are in Ontario, the land transfer tax (which is more than doubled if you live in the City of Toronto).   Of course, the tax nerd in me piped up with a silver lining: Did she know that there are actual tax deductions available when you move out of town for work or school?   Of course, neither was relevant for her, but that did not stop me from giving her an  impromptu tax lesson, much to her chagrin.   So I figured that perhaps I would focus my energy on a more receptive audience. So for all my readers out there, read on in just in case you hap- pen to find yourself moving and meeting some of the below criteria. And, thank you in advance for letting me embrace my tax nerd side.

To view the full article please click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.