Moving is generally expensive, but you can utilize this as an opportunity to save money since certain moving and relocation expenses are tax deductible. As tax regulations frequently change, please check with your local tax advisors for the latest information on qualifying deductions. Remember to keep all receipts to verify your expenses.
The following information is for general reference only and details might vary for your specific circumstances.
In order to qualify for tax reductions, your move must take you to a new job, your own business, or post-secondary education.