Can Both Spouses Claim Moving Expenses? Find Out How with Burly Boyz

One question about moving for married couples often arises: Can both spouses claim moving expenses on their tax returns? This is an important issue, especially for those relocating for employment or educational purposes who want to maximize their tax savings.

Understanding moving expenses’ rules can help couples better plan their finances during a significant transition.

Eligibility for Moving Expenses

Moving expenses can be claimed in Canada when you relocate to be at least 40 kilometers closer to a new place of work or school. Both employed and self-employed individuals can claim these expenses if they meet the basic requirements of the Canada Revenue Agency (CRA). However, whether both spouses can claim moving expenses is a little more complex.

Can Both Spouses Claim?

Generally, the CRA only allows one spouse to claim moving expenses on a tax return. You and your spouse cannot claim the same expenses if you share them. The CRA rules specify that moving expenses should be claimed by the individual with the highest income or who will benefit most from the deduction.

However, if both spouses move to separate places of work or school and incur different expenses, they may each be able to claim the costs specific to their move. In other words, both spouses cannot claim the same expense twice but can divide eligible expenses between them.

What Moving Expenses Can You Claim?

Moving expenses cover a variety of costs. These include transportation and storage costs (where Burly Boyz Storage and Moving Company can assist), family travel costs, temporary living costs, and more. Keeping track of these expenses and filing them correctly is crucial to maximizing your claim.

• Transportation Costs include fuel, meals, and accommodations while in transit.
• Storage: If your move requires temporarily storing furniture or other items, you can claim storage fees. Burly Boyz offers various storage solutions that can meet short-term and long-term needs.
• Temporary Living Expenses: For a limited time, the costs of temporarily living in a new location while waiting for your permanent home are also deductible.

Tips for Claiming Moving Expenses

1. Keep Detailed Records: Ensure you have all receipts and documents supporting your moving expense claims. This includes any services used during the move, such as storage or transportation.
2. Consult a Tax Professional: If you are unsure how to split or claim these expenses between spouses, consulting with a tax professional can help ensure the claim is filed correctly.
3. Work with Professional Movers: A reliable moving company like Burly Boyz ensures your belongings are safely transported and helps you maintain clear documentation for expenses like packing, storage, and moving services.

How Burly Boyz Can Help

At Burly Boyz Storage and Moving Company, we specialize in providing comprehensive moving services, including packing, transporting, and secure storage solutions. Our team understands the stress of long-distance and local moves and is committed to making your experience seamless. If you’re planning a move and are unsure of your moving expenses, we can provide transparent pricing and detailed records to help when filing your taxes.

From transportation to secure storage options, we handle all the logistics so you can focus on settling into your new home. Contact Burly Boyz for reliable and professional moving services, whether you’re moving across town or provinces.