Deductions from Tax Returns

Jump to Page:
< Previous [ 1 ] Next >

gforacle
Member since: Oct 05

Posts: 103
Location: Brampton
Post ID: #PID

Posted on: 27-12-06 22:10:40

Hello,

I recently moved to Toronto, and wil be filing my first tax return for 2006. I was sef-employed for 3 months, and now working as permanent employee.

Can I claim Moving expenses (Cargo related) and Medical Insurance as deductibles.

Regards
gforacle

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 30-12-06 12:40:58

Quote:
Originally posted by gforacle

Hello,

I recently moved to Toronto,

from where? Are you closer to your work place by more than 40kms than you were before you moved to the new place?

Quote:
Originally posted by gforacle

and wil be filing my first tax return for 2006.

MOST people file only one tax return for each year - they do not file first and second and so forth!

Quote:
Originally posted by gforacle

Can I claim ............. Medical Insurance as deductibles.

How do you relate medical insurance expenses to moving expenses????

Chandresh

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

dp_jain
Member since: Jan 04

Posts: 418
Location: Brampton
Post ID: #PID

Posted on: 30-12-06 14:20:08

Quote:
Originally posted by gforacle

Hello,

I recently moved to Toronto, and wil be filing my first tax return for 2006. I was sef-employed for 3 months, and now working as permanent employee.

Can I claim Moving expenses (Cargo related) and Medical Insurance as deductibles.

Regards
gforacle

Hi,

What appears to me from your question is that you moved to Toronto on immigaration in this year. If this is the case, sorry, no moving exp deduction. But, you can claim medical insurance premium subject to other conditions.

-----------------------------------------------------------------
Live and Let Live. Together we can make a difference.

DP JAIN, CPA, CGA, CPA (US), CA(I), LL.B.(I)
416-305-0080
(Loans, Mortgage, Tax, Accounting, Investments)

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Deductions from Tax Returns
	Topic	Forum	Views	Replies
	$$$$$$ = US + Can Taxes - 3 Questions - Pl help	Accounting and Taxation	2060	5
	Landing and Medical Surveillance and US Return ( 1 2 3 )	Independent Category	4348	14
	Moving back to India - Tax return ( 1 2 3 )	Accounting and Taxation	4425	15
	Moving Hard Furniture from Gulf ( 1 2 )	Moving Soon	2248	9
	tax on income from rent.	Accounting and Taxation	1705	2
	Top 10 Tax-Filing Tips from ERNST & YOUNG	Accounting and Taxation	1719	0
	tax return-moving expenses and rent	Accounting and Taxation	2108	1
	HOW TO MOVE CARGO TO HOME	Moving Soon	1757	4
	Deductions from Tax Returns	Accounting and Taxation	1487	2
	How to claim more on Income Tax returns ( 1 2 )	Accounting and Taxation	3717	10
	Filing tax returns from out of Canada	Accounting and Taxation	2035	3
	What Expenses I can Claim In Rental Income?	Financial Planning	2765	3
	need advice about filing returns and sponsorship	Accounting and Taxation	2010	3
	Tax deductions: Mortagage	Accounting and Taxation	1453	1
	Filing Corporate & Personal Income tax	Accounting and Taxation	1955	2
	what can we claim for taxreturn? ( 1 2 )	Accounting and Taxation	2393	9
	RRSP - Jan to Dec Schedule	Financial Planning	2111	3
	Tax Deduction Questions: A lot of	Accounting and Taxation	2340	4
	Payroll deductions change.	Accounting and Taxation	1202	0
	Can someone claim this	Accounting and Taxation	1677	1
	Filing tax returns by new immigrants	Just Landed	3180	3
	Moving from Toronto to Edmonton	Relocation	1849	2
	Tax claim for medical expenses for parents on super/visitor visa	Family Class	10352	2
	Tax credits ( 1 2 )	Accounting and Taxation	2521	7
	Filing tax returns after parents' immigration	Accounting and Taxation	4733	3

Charcha

Deductions from Tax Returns

Discussions similar to: Deductions from Tax Returns