Hi,
I have several tax related questions. Will appreciate the answers:
1. My wife moved from Ottawa to Toronto for work last year. And both of us bought a condo. ( I didn't move as I was already in Toronto). Now, I want to claim her moving expenses. From the forms, I can see that lawyer's fee and land transfer fee etc. can be used for tax deduction. Should I put all the expenses in her name or we should divide the expenses as I didn't move and she moved and both of us own the place.
2. I don't have receipts from movers, meals and gas receipts during travel. But as we file tax online, receipts are only needed when they ask for it. I can probably get receipts from movers if they ask to. Should I claim gas, meals also or not ? Is it a big deal ?
2. As a new condo owner, in 2008, can I get any tax benefits ? Through google, I found out that for 2009 new home owners, there are tax benefits. were there any for 2008 ?
4. Simple question but as I am not too familiar with the process, I will double check it. My wife was a student in 2007. In 2008, she wasn't a student. According to 2007 tax return, there are "Unused federal and tution amounts". Should I fill in Schedule 11 and keep all the fields empty except this one. From studio tax, I see it increases the amount of Refund significantly. Am i doing it right ?
5. If above description is correct, she gets about 5000 dollars in reimbursements. Is it normal or people do have larger refunds ?
Hello ,
My only advice to you is that you should visit a tax person, even if you pay a maximum of $ 100 /- , it is better than losing out on a deduction / expense etc where your refund may be affected by lot of money.
Again in this forum informed people will give the right guidance based on your specific information ,but you may not have provided all the information which if available to us may give a different conclusion.
So my suggestion , speak to a tax expert.
Thanks,
RJ
Quote:
Originally posted by ulludapatha
Hi,
I have several tax related questions. Will appreciate the answers:
1. My wife moved from Ottawa to Toronto for work last year. And both of us bought a condo. ( I didn't move as I was already in Toronto). Now, I want to claim her moving expenses. From the forms, I can see that lawyer's fee and land transfer fee etc. can be used for tax deduction. Should I put all the expenses in her name or we should divide the expenses as I didn't move and she moved and both of us own the place.
2. I don't have receipts from movers, meals and gas receipts during travel. But as we file tax online, receipts are only needed when they ask for it. I can probably get receipts from movers if they ask to. Should I claim gas, meals also or not ? Is it a big deal ?
2. As a new condo owner, in 2008, can I get any tax benefits ? Through google, I found out that for 2009 new home owners, there are tax benefits. were there any for 2008 ?
4. Simple question but as I am not too familiar with the process, I will double check it. My wife was a student in 2007. In 2008, she wasn't a student. According to 2007 tax return, there are "Unused federal and tution amounts". Should I fill in Schedule 11 and keep all the fields empty except this one. From studio tax, I see it increases the amount of Refund significantly. Am i doing it right ?
5. If above description is correct, she gets about 5000 dollars in reimbursements. Is it normal or people do have larger refunds ?
-----------------------------------------------------------------
Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Pramod,
Thanks for the reply...
My wife was renting in Ottawa... So I assume, she doesn't qualify for moving expenses tax deductions...
I have sent you a PM. Please reply...
Quote:
Originally posted by ulludapatha
Pramod,
Thanks for the reply...
My wife was renting in Ottawa... So I assume, she doesn't qualify for moving expenses tax deductions...
I have sent you a PM. Please reply...
-----------------------------------------------------------------
Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
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