<\/p>\n
People are increasingly having to move either because of new job opportunities or transfers (whether voluntary or not) to other locations.<\/p>\n
If you\u2019re facing a similar situation, you may be thinking about selling your current home and moving closer to your new workplace. And if that\u2019s the case, there may be some great tax breaks you can take advantage of\u2026<\/p>\n
For starters, your real estate agent\u2019s commission and all moving expenses may be 100% deductible from any future income earned in your new location. Let\u2019s take a closer look at the rules.<\/p>\n
According to federal and provincial tax laws, when a person moves to a new home because he is or will be employed in the new community or will be launching a business there, all eligible moving costs are tax-deductible \u2013 including the real-estate agent\u2019s commission.<\/p>\n
This is true as long as the new home \u2013 be it a house, apartment or condo \u2013 brings him at least 40 km closer to his full-time or parttime employment.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
People are increasingly having to move either because of new job opportunities or transfers (whether voluntary or not) to other locations. If you\u2019re facing a similar situation, you may be thinking about selling your current home and moving closer to your new workplace. And if that\u2019s the case, there may be some great tax breaks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":7,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-86","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n